FxWirePro: EUR/CAD slips as euro weakens on trade war fears

• EUR/CAD dipped  towards 1.5500 level  on Friday as euro weakened   amid fears of Trump's reciprocal tariffs.

•Over the past week, Washington imposed tariffs on steel and aluminum, the EU announced retaliation plans, and Trump threatened 200% tariffs on EU wine and spirits, in addition to the April 2 tariff hike.

• ECB President Christine Lagarde warned Thursday that a 25% U.S. tariff could cut eurozone growth by 0.3 percentage points in the first year, rising to 0.5 points with retaliatory measures.

• Investors are now watching for details on Trump’s April 2 reciprocal tariffs, as uncertainty persists over their scope and impact.

 •At GMT 15:10, the pair was trading down 0.09 percent  at 1.5528

•  Immediate resistance is located at 1.5671(38.2%fib), any close above will push the pair towards 1.5750(March 14th high).

• Support is seen at 1.5520(50%fib) and break below could take the pair towards 1.5500(Psychological level).

Recommendation: Good to sell around 1.5530  with stop loss of 1.5580 and target price of 1.5470