• EUR/CAD eased slightly on Tuesday as investors continued to digest the global trade outlook after President Trump deferred 50% tariffs on EU imports.
• Traders are closely watching Trump’s budget plans and their implications for U.S. debt, alongside lingering concerns over the ongoing tariff war.
• With no key Canadian economic data release, markets are focused on BoC policy. Traders widely expect another rate cut after next month’s meeting amid global economic uncertainty.
• At GMT15:44,the euro was down 0.25 % at 1.5600 against Canadian dollar .
• Immediate resistance is located at 1.5636(SMA 21), any close above will push the pair towards 1.5768 (38.2%fib).
• Support is seen at 1.5568 (50%fib) and break below could take the pair towards 1.5522(Lower BB).
Recommendation: Good to buy around 1.5580, with stop loss of 1.5500 and target price of 1.5650
