EUR/CAD continues its downward trend, consolidating below the nine-day EMA around the 1.4880 level during Tuesday’s Asian session. This marks the second consecutive session of decline for the pair, highlighting the cautious sentiment among traders. Although technical analysis suggests a mildly bullish bias due to the ascending channel pattern, the immediate pressure remains on the downside. Traders must weigh the near-term risks against potential longer-term gains as market conditions evolve. Understanding the technical formations can guide entry and exit strategies while managing risk effectively. Traders should also stay informed about economic releases that may influence the direction of EUR/CAD in the near term. Ongoing analysis will provide valuable insights for better trading decisions in this fluctuating market environment.