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• EUR/CAD rose on Thursday as concerns over U.S. President Donald Trump's new tariff threats raised fears of a global trade war.
• Trump plans new tariffs on lumber, forest products, cars, semiconductors, and pharmaceuticals within a month. This is crucial for Canada, a major global producer and exporter of softwood lumber.
• At GMT 16:44,the euro was up 0.59% at 1.4865 against Canadian dollar.
• Immediate resistance is located at 1.4868(38.2%fib), any close above will push the pair towards 1.4910 (Feb 7h high).
• Support is seen at 1.4793(50%fib) and break below could take the pair towards 1.4744 (Feb 10th low).
Recommendation: Good to buy around 1.4850 , with stop loss of 1.4780 and target price of 1.4900
