• EUR/CAD eased on Tuesday as the sentiment remained cautious ahead of the impending U.S. reciprocal tariffs..
• Markets continue to be heavily influenced by U.S. President Donald Trump's remarks regarding upcoming tariffs.
• Investors are bracing for further announcements set for Wednesday, which are expected to create additional volatility in the markets.
•Meanwhile, Fabio Panetta, a member of the ECB's governing council, indicated that the central bank should proceed cautiously with interest rate cuts, reflecting growing hesitancy among policymakers..
• Additionally, ECB President Christine Lagarde highlighted the negative growth impact of proposed U.S. tariffs and the potential for policy divergence.
• Immediate resistance is located at 1.5585(38.2%fib), any close above will push the pair towards 1.5673(March 18th high).
• Support is seen at 1.5448(50%fib) and break below could take the pair towards 1.5338(March 27th low).
Recommendation: Good to buy around 1.5430 with stop loss of 1.5330 and target price of 1.5550
