• EUR/CAD initially gained but gave up ground as investors grew wary of further policy rollouts.
• Trump's speech focused more on immigration than immediate trade measures, easing market concerns about early aggressive tariffs.
• Europe faces potential tariff threats, especially regarding natural gas purchases from the U.S., although details are unclear.
• At GMT 16:42,the euro was up 0.26% at 1.4946 against Canadian dollar ,after hitting daily high at 1.5052.
• Immediate resistance is located at 1.4949(38.2%fib), any close above will push the pair towards 1.5000 (Psychological level).
• Support is seen at 1.4878 (50%fib) and break below could take the pair towards 1.4840 (Jan 6th low).
Recommendation: Good to buy around 1.4920 , with stop loss of 1.4870 and target price of 1.5000
