EURCAD currency pair continues to fall after recently breaking the support zone located between the key support level 1.47700 (which stopped the previous waves (1) and B) and the 61.8% Fibonacci correction of the upward price move from the start of July. The breakout of this support zone started the active medium-term impulse wave (3). Given the prevailing downtrend – EURCAD currency pair can be expected to fall further toward the next support level 1.46000 (previous monthly low from May and July).