FxWirePro: EUR/CAD eases slightly but trend is still bullish

• EUR/CAD eased slightly on  Monday as traders looked for new signals from ongoing U.S. trade negotiations.

• Risk appetite stayed fragile after U.S. Treasury Secretary Scott Bessent announced several trade updates due within 48 hours.

• In April, President Trump set a 10% base tariff on most nations, with “reciprocal” levies up to 50% and an initial deadline of this Wednesday..

• Meanwhile, an EU Commission representative said the bloc is on track for a July 9 trade deal, underlining the “good exchange” between von der Leyen and Trump.

• On the data front, the euro‑zone Sentix index climbed to 4.5 in July from 0.2 in June, surpassing the 1.1 forecast and marking a third straight monthly rise.
 
•  Immediate resistance is located at 1.6143(23.6%fib), any close above will push the pair towards 1.6177 (Higher BB).

• Support is seen at 1.5963 (July 4th low) and break below could take the pair towards 1.5916 (38.2%fib).

Recommendation: Good to buy around 1.6000 , with stop loss of 1.5900  and target price of 1.6080