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FxWirePro: EUR/CAD edges lower but outlook still bullish

• 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

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