• 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
