EURCAD currency pair recently reversed down from the resistance zone located between the key resistance levels 1.5055 and 1.5100 (which have been reversing the pair from the middle of April), upper daily Bollinger Band and the 38.2% Fibonacci correction of the extended downward impulse from December. The downward reversal from this resistance zone created the daily Shooting Star. Given the strongly bearish sterling euro sentiment seen today, EURCAD currency pair can be expected to fall further toward the next support level 1.48700 (which has been reversing the price from the end of August)