Thursday, October 15, 2026

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FxWirePro: EUR/CAD faces stiff resistance at 1.4655, good to go long on break above

Euro weaker across board, after the German GDP second reading confirmed slowdown. CAD under pressure from falling oil prices. US crude oil stockpiles up by nearly 4.5 million barrels during last week, yesterday’s API rep…

By FxWirePro Team
1 min read
FxWirePro: EUR/CAD faces stiff resistance at 1.4655, good to go long on break above
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  • Euro weaker across board, after the German GDP second reading confirmed slowdown.
     
  • CAD under pressure from falling oil prices.
     
  • US crude oil stockpiles up by nearly 4.5 million barrels during last week, yesterday’s API report by API data showed.
     
  • EUR/CAD 0.13 pct higher on the day, currently trading at 1.4613.
     
  • The pair finds stiff resistance at 1.4665 (falling trendline), break above to see gains upto 1.4733 (Aug 3rd high).
     
  • 20-DMA at 1.4560 is strong support on the downside, break below could see weakness upto 1.4433.
     

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By FxWirePro Team