• EUR/CAD eased slightly on Thursday as investors grew wary of the future dynamics between the EU and the US regarding trade relations.
• U.S. President Donald Trump on Thursday threatened to impose a 200% tariff on all wines and other alcoholic products coming from Europe if the European Union does not cancel its planned tax on American whiskey.
•Trump's threat was in response to a European Union plan to impose tariffs on American whiskey and other products next month, which itself is a reaction to Trump's 25% tariffs on steel and aluminum imports that took effect on Wednesday.
•At GMT 15:13, the pair was trading down 0.03 percent at 1.5643
• Immediate resistance is located at 1.5776(23.6%fib), any close above will push the pair towards 1.5852(March 11th high).
• Support is seen at 1.5581(38.2%fib) and break below could take the pair towards 1.5500(Psychological Level).
Recommendation: Good to buy around 1.5640 with stop loss of 1.5550 and target price of 1.5720
