FxWirePro: EUR/CAD holds gains as markets rebound following Trump’s trade war pause

• EUR/CAD rebounded strongly on Thursday as investors cheered a sudden reversal by the U.S. on tariffs.   

• U.S. President Donald Trump announced a 90-day pause on tariffs for most countries, sparking a relief rally in global markets after days of turmoil.

• The suspension of tariffs on numerous countries occurred less than 24 hours after they were implemented. However, the White House kept a 10% blanket duty on nearly all U.S. imports.

• Meanwhile, Trump escalated pressure on China by increasing the tariff on Chinese imports to 125% from 104%, following China's announcement of an 84% levy on U.S. goods starting April 10.

• European Commission President Ursula von der Leyen announced that the European Union will pause its first countermeasures against Trump's tariffs for 90 days.
 
•  Immediate resistance is located at 1.5659(38.2%fib), any close above will push the pair towards 1.5762(Higher BB).

•Support is seen at 1.5427 (50%fib) and break below could take the pair towards 1.5324(Lower BB).

Recommendation: Good to buy   around 1.5600 , with stop loss of 1.5520  and target price of 1.5680