Euro has lost value against the Canadian Dollar over the last couple of months in the course of a longer correction. But tough times never last, only tough people last! So, we patiently waited and still need to wait a little longer, as we are not quite within the designated trading zone, which is indicated as the yellow box above 1.48593 CAD. Once we dip into this area, we expect a turnaround. What is important, however, is that we do not fall below 1.48593 CAD.