EUR/CAD chart on Trading View used for analysis
- EUR/CAD pivotal at 'Wedge Top' at 1.5145, breakout to propel the pair higher.
- The pair is extending upside for the 5th straight session, but is trading in a narrow range on the day.
- Price action is above daily cloud, and technicals are biased higher which keep scope for further gains.
- Data from the European Union on Thursday was not very supportive. German inflation missed expectations, while the EU Consumer Confidence Index remained depressed at -3.9 in November.
- Economic Sentiment Indicator fell to 109.5 from a downwardly revised 109.7, better, however, than the 109.00 expected.
- For today, German Retail Sales and EU preliminary November inflation data awaited for further impetus.
- Bullish continuation eyes 200-DMA at 1.5293. Retrace below daily cloud negates bullish bias.
Recommendation: Stay long on breakout at 'Wedge Top' at 1.5145, target 1.5285.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


AUDJPY Surges Amidst Yen Weakness, Key Resistance Ahead
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro: USD/JPY firms as bearish yen sentiment persists
NZDJPY: Downtrend Favors Sellers If 90.60 Resistance Holds
FxWirePro: GBP/USD slides to three-month low, scope for further downside
JPY Major Currency Score: All Pairs Trading Flat with Neutral Bias
FxWirePro: GBP/USD slips as dollar extends gains after US PMI data
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD firms slightly, but downward resumption looks likely
FxWirePro-24-Hour Crypto Category-Based Performance Dashboard
FxWirePro- Major Pair levels and bias summary
US Gas Market Poised for Supercycle: Bernstein Analysts
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro: AUD/USD softens as Australian unemployment rate nears 5-year high 



