The EURCAD may be the next to fall.

With the EURUSD at fresh new lows, it is time to take a look at some other EUR pairs. One in particular, the EURCAD seems ripe for some downside. A break of channel support and risk of a move towards the 1.4000 level, the EURCAD has been confined to a tight range in the last few months. A break of the 1.4400 level could open a move to the 50% retracement at the 1.4144 level. The USDCAD has also had a key rejection of the 1.3320 in recent days which may confirm the downside here. RSI on the weekly charts is divergent, which means there could be a lot of downside before bounce.