EURCAD Breakdown Watch–Bearish Divergence + Fundamental WeaknessEURCAD rallied into a key turncoat zone (former resistance → support)
Currently consolidating within this zone and showing clear RSI bearish divergence on both 1H and 4H timeframes.
Price is losing momentum while macro and seasonal factors align for a short bias.
🔍 Macro & Seasonality Confluence:
EUR Fundamentals: Worsening LEI, Endogenous & Exogenous scores
CAD Stability: Mildly bearish, but stronger than EUR
Seasonal Bias: EURCAD turns bearish after April 15
