FxWirePro: EUR/CAD range bound short term, primary trend still bullish

• EUR/CAD traded slightly lower on Tuesday as traders awaited US- China talks outcome.

• Officials from the world's two largest economies were meeting in London to attempt to defuse a disagreement that had escalated from tariffs to limits on rare earth minerals.

• With Trump's frequently changing tariff pronouncements and fluctuations in Sino-U.S. relations undermining both economies, upsetting supply chains, and threatening to impede global development, any progress in the discussions is likely to calm markets.

• On the data front, The Sentix index for the euro zone rose to 0.2 in June from -8.1 in May, beating the forecast for a reading of -6.0.
 
•  Immediate resistance is located at 1.5700(38.2%fib), any close above will push the pair towards 1.5733(Higher BB).

• Support is seen at 1.5542(Lower BB) and break below could take the pair towards 1.5497(50%fib ).

Recommendation: Good to buy  around 1.5600 , with stop loss of 1.5530 and target price of 1.5710