EUR/CAD – Signs of Exhaustion After Strong DowntrendEUR/CADOANDA:EURCADdarlwrightEUR/CAD has been in a solid downward trend for about a week and is now beginning to show signs of exhaustion after the extended move lower. Momentum is currently around -71 and starting to hook upward, although we do not yet have a clear divergent signal. Price has printed a strong engulfing candle on structure, which puts this pair on watch for a possible shift in momentum. Volume is mixed across the timeframes: • 4H: 54 (not yet strong) • 1H: 91 • 15M: 93 Because of this, caution is warranted here. We could still see a minor pullback to complete the divergence before any meaningful move higher develops. For now this is a watch-and-wait situation. Confirmation and alignment will be key before considering any trade.