The euro continues to make its way down a long-term downward channel, relative to the Canadian dollar. The chart below illustrates this direction; the EUR/CAD pair currently appears to be in the middle of this channel.
(Chart created by the author using TradingView. The same applies to subsequent candlestick charts presented herein.)
The above chart uses weekly candlesticks. If we try to identify a long-term trading range, it would appear that the low of 1.3784 (set in the week that commenced February 13, 2017) and the high of 1.6154 (set in the week that commenced