With both ECB and BOC meetings this week, we are expecting volitility in EUR/CAD following the 780 pip drop that occured a few weeks ago. Although prices have been steady the past week, the correlation coefficient between WTI Crude Oil and EUR/CAD is -0.93 indicating a strong negative correlation. Take a look to see how our analyst Joe Perry has set up the chart to further analyze what this means for EUR/CAD.