• EUR/CAD slipped lower on Wednesday as investors grew concerned over the economic fallout of President Donald Trump's policies on trade and tariffs.
• Attention now turns to the Fed .The Federal Reserve is expected to keep its benchmark overnight interest rate unchanged within the 4.25%-4.50% range when it announces its policy decision at 1800 GMT.
•Investors will focus on new economic projections amid tumbling stock markets and signs of tightening credit.
•At GMT 17:40, the pair was trading down 0.44 percent at 1.5579
• Immediate resistance is located at 1.5690(38.2%fib), any close above will push the pair towards 1.5749(March 14th ).
• Support is seen at 1.5516(38.2%fib) and break below could take the pair towards 1.5413(March 7th low).
Recommendation: Good to sell around 1.5600 with stop loss of 1.5670 and target price of 1.5500
