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FxWirePro: EUR/CAD runs out of steam but maintains bullish outlook

• EUR/CAD eased slightly on Tuesday as investors continued to digest the global trade outlook after President Trump deferred 50% tariffs on EU imports. 

•  Traders are closely watching Trump’s budget plans and their implications for U.S. debt, alongside lingering concerns over the ongoing tariff war.

• With no key Canadian economic data release, markets are focused on BoC policy. Traders widely expect another rate cut after next month’s meeting amid global economic uncertainty.

• At GMT15:44,the euro was down  0.25 % at 1.5600 against Canadian dollar  .

 •  Immediate resistance is located at 1.5636(SMA 21), any close above will push the pair towards 1.5768 (38.2%fib).

•  Support is seen at 1.5568 (50%fib) and break below could take the pair towards 1.5522(Lower BB).

Recommendation: Good to buy around 1.5580, with stop loss of 1.5500 and target price of 1.5650
 

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