According to the chart of M15, EURCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.6072/1.6092 and upper border is 1.6108/1.6092. The pattern width is measured on the chart at -36 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURCAD breaches the lower border, the price could continue its move toward 1.6070.