EURCAD under the bearish pressure after the price broke the support zone lying between the key support level 1.48900 (low of the previous correction (b) from the middle of April) and the 61.8% Fibonacci correction of the previous ABC correction 4 from the end of March. The breakout of this support zone accelerated the active minor impulse wave 3 – which is aligned with the predominant daily downtrend. EURCAD currency pair can be expected to fall further toward the next support level 1.47500 (which stopped the previous impulse wave 3 at the end of March).