Trading EURCAD with these two scenarios,
The downtrend of EURCAD can see the confirmation with few bearish candlesticks on the top of the trend; however we still see the market not going up to the supply level in the history yet.
For my own view I am bearish this trading pair with these two scenarios.
1. Non-Commercial is reducing long positions on EUR
2. Non-Commercial is building up more long position on CAD
Not financial advice