EURCAD Wave Analysis

EUR/CAD is described as having broken below a key daily support zone near 1.6095, which also aligned with the 61.8% Fibonacci retracement of the July upside impulse. The technical breakdown is framed as continuation of a minor corrective wave from the 1.6250 resistance area, with the pair expected to weaken further toward the round 1.6000 level, which previously halted correction in July. The article is a bearish technical outlook and implies downside momentum remains intact unless the pair reclaims the broken support zone.