EURCAD Wave Analysis – 21 October 2026

EURCAD: ⬇️ Sell

– EURCAD broke key support level 1.5925

– Likely to fall to support level 1.5665

EURCAD currency pair recently broke the support zone between the key support level 1.5925 (which has been reversing the price from March, stopping wave 2 at the end of March, wave (4) at the start of May, wave 2 in the middle of May and wave i at the start of October) and the support trendline of the daily down channel from the start of August.

The breakout of this support zone accelerated the active impulse wave iii of the impulse wave 3 from the start of October.

Given the strong daily downtrend and bearish euro sentiment seen today, EURCAD currency pair can be expected to fall further toward the next support level 1.5665 – target price for the completion of the active impulse wave (С).