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FxWirePro: EUR/CAD stuck in range but maintains bullish bias

• EUR/CAD edged higher on Tuesday as investors awaited German lawmakers' vote on a major government spending reform. • Germany's lower house of parliament is set to vote on Tuesday on a significant increase in borrowing …

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FxWirePro: EUR/CAD stuck in range but maintains bullish bias
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• EUR/CAD edged higher on Tuesday   as investors awaited German lawmakers' vote on a major government spending reform.

• Germany's lower house of parliament is set to vote on Tuesday on a significant increase in borrowing that could strengthen Europe's largest economy and support growth across the region, despite ongoing trade tensions with the United States.

• German investor morale improved more than expected in march, with the ZEW economic sentiment index rising to 51.6 from 26.0 in February, the ZEW research institute reported on Tuesday.

 •At GMT 14:56, the pair was trading up 0.09 percent  at 1.5609

•  Immediate resistance is located at 1.5732(Marh 14th high), any close above will push the pair towards 1.5794(23.6%fib).

• Support is seen at 1.5581(38.2%fib) and break below could take the pair towards 1.5500(Psychological level).

Recommendation: Good to buy around 1.5600  with stop loss of 1.5520 and target price of 1.5720

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