FxWirePro: EUR/CAD sustains gains as uptrend remains strong

• EUR/CAD strengthened on Monday as Canadian dollar weakened as investors awaited major tariff news.

.• U.S. President Donald Trump stated on Sunday that the reciprocal tariffs he plans to unveil on Wednesday will apply to all countries, escalating concerns about global trade tensions.

.• Markets are nervous ahead of a new round of reciprocal levies that the White House is due to announce on Wednesday.

• Traders are awaiting also inflation data from the Eurozone on Tuesday,The inflation figures will be closely scrutinized, as they could influence the European Central Bank’s future monetary policy decisions.

 •At GMT 19:40, the pair was trading up 0.28 percent  at 1.5548

•  Immediate resistance is located at 1.5450(SMA 21), any close above will push the pair towards 1.5546(38.2%fib).

• Support is seen at 1.5495(38.2%fib) and break below could take the pair towards 1.5321(50%fib).

Recommendation: Good to buy around 1.5520  with stop loss of 1.5450 and target price of 1.5600