EUR-crosses prepare for the central wave 3-of-3 of the downtrend

China is soon back from holidays, and the sell-off in stocks begins. This time, both Stocks AND Treasuries go down, which will push the EUR down faster than the rest of the base pairs.

In case of EURCAD, we can see a 1000 pips/month downtrend, but remember that USDCAD is about to shoot to 1.55 at the same time.