• EUR/CAD edged higher but gains were limited as market awaited fresh cues from ongoing EU–U.S. trade talks.
• The European Union braced on Friday for a possible letter from President Trump detailing new duties, following the recent expansion of his global trade war.
• The EU initially sought a sweeping trade deal with zero tariffs on industrial goods, but tough talks have shifted focus to a limited agreement, with hopes for broader terms later.
• Germany is pushing for a swift trade deal to protect its industry, while France and others caution against accepting a one-sided agreement on U.S. terms.
• Immediate resistance is located at 1.6115(23.6%fib), any close above will push the pair towards 1.6189 (Higher BB).
• Support is seen at 1.5936 (SMA 20) and break below could take the pair towards 1.5842 (38.2%fib).
Recommendation: Good to sell around 1.6000 , with stop loss of 1.6100 and target price of 1.5930
