EURCAD Falling further out of Channel

The EUR took another hit from the Loonie last week , as price has now moved from 1.48 to 1.45 over the last 2 weeks.

The bias is short and entry would be considered

1. Enter - 1.46 as support turns resistance

2. Target - d point , which coincides with monthly S4. ( yes it will take many weeks)

3. Stop - above monthly R1

RR = 3+