• EUR/CAD rose on Friday as the Canadian dollar weakened following the Bank of Canada's rate cut and the potential for U.S. tariffs on Canada
• The Bank of Canada cut its key rate by 50 basis points to 3.25% on Wednesday to address slowing economic growth.
• Trump has threatened a 25% tariff on all Canadian exports unless Ottawa tightens its border controls. Any disruptions or restrictions on the flow of goods and services across the U.S. border could severely impact Canadian economy.
• At GMT 17:08,the euro was last up 0.40% at 1.4943 against Canadian dollar
• Immediate resistance is located at 1.4900(38.2%fib), any close above will push the pair towards 1.4949(Dec 11th high).
• Support is seen at 1.4878(38.2%fib) and break below could take the pair towards 1.4749(50%fib).
Recommendation: Good to buy around 1.4920 , with stop loss of 1.4850 and target price of 1.4980
