• EUR/CAD strengthened on Tuesday as the Canadian dollar weakened, hurt by declining inflation and rising concerns over Prime Minister Trudeau's ability to handle economic challenges during a political crisis.
•Data showed , Canada's annual inflation unexpectedly eased to 1.9% in November, reflecting a broad-based slowdown in prices.
• Pressure is mounting on Canadian Prime Minister Justin Trudeau to resign after Finance Minister Chrystia Freeland quit on Monday over a policy clash.
• At GMT 20:13,the euro was last up 0.26% at 1.5009 against Canadian dollar
• Immediate resistance is located at 1.5076(23.6%fib), any close above will push the pair towards 1.5115(Higher BB).
• Support is seen at 1.4965(50%fib) and break below could take the pair towards 1.4877(61.8%fib).
Recommendation: Good to buy around 1.4990 , with stop loss of 1.4900 and target price of 1.5080
