EURCAD Support Breakdown Retest Short

Executive Summary EURCAD has completed a decisive bearish breakdown below a key daily horizontal support zone, followed by a textbook retest of the broken level acting as new resistance. The core thesis anticipates strong trend continuation to the downside, offering approximately 300 pips of downward potential toward the next major support floor. Key Technical Confluences Support-Turned-Resistance Flip: Price breached a significant daily support zone around the 1.6000 - 1.6021 area, which is now acting as overhead resistance.