EUR/CAD: Breakdown?

 | Apr 22, 2013 09:08AM ET

Currently we are at 1.3376 after breaking out of the uptrend. Remains to be seen if this is a false breakout but it pays to be ready. We are looking for a continuation to the support at 1.3291 and then a bounce there. The current average daily trading range (ATR) is 112 pips.