FxWirePro: EUR/CAD retreats slightly but trend is still bullish

• EUR/CAD eased slightly  on Friday  as investors remained cautious amid US trade tensions with EU .

• The U.S. has implemented numerous tariffs on both allies and adversaries, threatening additional measures, which has led to retaliations and raised concerns about a significant impact on global growth.

•European Central Bank President Christine Lagarde stated on Friday that a full-scale global trade war would particularly harm the United States and could reignite Europe's drive for unity.

• On the economic front, German inflation unexpectedly fell in February, building a case for further policy easing by the European Central Bank.

•Investors focused on Portugal as President Marcelo Rebelo de Sousa called for early parliamentary elections after the center-right minority government lost a confidence vote.

 •At GMT 15:43, the pair was trading down  0.03 percent  at 1.5625

•  Immediate resistance is located at 1.5761(23.6%fib), any close above will push the pair towards 1.5852(Higher BB).

• Support is seen at 1.5573(38.2%fib) and break below could take the pair towards 1.5500(Psychological Level).

Recommendation: Good to buy around 1.5620 with stop loss of 1.5550 and target price of 1.5720