• EUR/CAD steadied on Thursday as market participants awaited further clarity on policies from U.S. President Donald Trump's administration.
• This week, Trump suggested 25% tariffs on Canada and Mexico, 10% on China beginning February 1, and hinted at levies on European imports but did not provide details.
• On the data front, Canadian retail sales were flat in November at C$67.57 billion, with gains in motor vehicle sales offset by declines in food and beverage sales
• At GMT 14:24,the euro was up 0.11% at 1.4983against Canadian dollar
• Immediate resistance is located at 1.5008(38.2%fib), any close above will push the pair towards 1.5065 (23.6%fib).
• Support is seen at 1.4951 (50%fib) and break below could take the pair towards 1.4903(61.8%fib).
Recommendation: Good to buy around 1.4960 , with stop loss of 1.4870 and target price of 1.5050
