EURCAD Wave Analysis – 11 August 2026

EURCAD: ⬇️ Sell

– EURCAD broke daily support zone

– Likely to fall to support level 1.6000

EURCAD currency pair recently broke the support zone between the support level 1.6095 (former resistance from July) and the 61.8% Fibonacci correction of the upward impulse i from July.

The breakout of this support zone continues the active minor correction ii, which stared earlier from the major resistance level 1.6250.

EURCAD cryptocurrency can be expected to fall further to the next round support level 1.6000 (which stopped earlier correction ii in July).