• EUR/CAD eased on Tuesday as concerns over U.S. tariffs and Trump repeated his criticism of Powell kept investors on the edge as they returned from the Easter weekend.
• The week started off on a negative note as Trump once again criticized Fed Chair Powell, urging the central bank to cut interest rates swiftly.
• Investors are increasingly worried that U.S. President Donald Trump may seek to replace Federal Reserve Chair Jerome Powell with someone more aligned with his economic views
• On the data front, Investors are now focused on the upcoming eurozone consumer confidence report, scheduled for release at 1400 GMT, followed by the flash PMI surveys from France, Germany, and the eurozone on Wednesday..
• Technical signals are bullish as RSI is heading up at 59, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.5973(23.6%fib), any close above will push the pair towards 1.6011(Higher BB).
• Support is seen at 1.5779(38.2%fib) and break below could take the pair towards 1.5653(50%fib).
Recommendation: Good to buy around 1.5750, with stop loss of 1.5650 and target price of 1.5950
