FxWirePro: EUR/CAD loses momentum but bullish setup remains

• EUR/CAD slipped lower  on Friday as investors stayed cautious amid ongoing U.S.-China trade developments and   broad  risk-off sentiment.

• U.S. President Donald Trump said his proposed 100% tariff on Chinese goods would be unsustainable, while blaming Beijing for the latest stalemate in trade talks after China tightened rare earth export controls

•Trump confirmed he will meet Chinese President Xi Jinping in two weeks in South Korea—a meeting he had questioned last week—and expressed admiration for the Chinese leader.

• A week ago, Trump introduced extra 100% levies on Chinese goods destined for the U.S., plus new controls on all critical software exports starting November 1, just days before existing tariff relief ended.

• On the data front, Euro area annual consumer inflation increased to 2.2% in September from 2% in August, according to Eurostat data released Friday.

• Immediate resistance is located at 1.6460 (38.2%fib), any close above will push the pair towards 1.6550(23.6%fib ).

• Support is seen at 1.6383 (38.2%fib) and break below could take the pair towards 1.6319(SMA20).

Recommendation: Good to but   around 1.6380 , with stop loss of 1.6320 and target price of 1.6480