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JPY Major Currency Score 
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• EUR/CAD strengthened on Monday as last weeks broad selloff eased on euro.
• Euro fell to 9-month low on Friday after data showed Euro zone Purchasing Managers' Index reached a 10-month low of 48.1.
• Pressure on the European Central Bank to keep easing monetary policy is building and has kept alive hopes of a rate cut of up to 50bps at next month's final policy meeting of the year.
• At GMT 16:02,the euro was last up 0.72% at 1.4673 against Canadian dollar
• Immediate resistance is located at 1.4586(38.2%fib), any close above will push the pair towards 1.4663 (23.6%fib).
• Support is seen at 14628(38.2%fib) and break below could take the pair towards 1.4512(23.6%fib).
Recommendation: Good to buy around 1.4660 , with stop loss of 1.4550 and target price of 1.4750
