EURCAD: short setup from daily support at 1.60031EUR/CADOANDA:EURCADThe_Traders_HouseFor EURCAD, I expect the price decline to continue. The strong factors in this situation for me are the clear confirmation of the level and the consolidation right above it. Meaning, the level was confirmed, and now there are only two options: a bounce or a breakdown. Considering that the asset closed right near its low, I am betting on a breakdown, as there is a clear weakness of buyers. Also, there are no immediate support levels that could stop the asset from going down. I expect the breakdown in the coming hours.