$EURCAD found sellers at 1.47089-1.47558 area and gave us approximately 400 pips decline, as forecasted. The pair reached the extreme area at 1.4336 in the cycle from the 1.4822 high and currently bouncing from there. At current stage, it still needs more data to resolve the situation: bulls will have to break the pivot at 1.4510 short term high in the first place, to open a possibility for a bigger bounce. You can check the current $EURCAD charts in the membership area of EWF.
The video below is a short capture from the Plus Daily Technical Video from 06/01 , where EWF Technical analyst Hendra Lao presented h1 Elliott Wave count of $EURCAD, calling for decline in wave ((y)) after ((x)) recovery completes at 1.47089-1.47558 area.
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