• EUR/CAD declined sharply on Monday as Canadian dollar firmed on reports of softer US stance on new tariffs.
• Reports suggest Trump's administration may exempt some sector-specific tariffs while enforcing reciprocal levies on April 2, boosting sentiment.
• Looking ahead, Canada's January GDP data and the U.S. Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, are set to be released later this week..
•At GMT 15:10, the pair was trading down 0.47 percent at 1.5452
• Immediate resistance is located at 1.5574(38.2%fib), any close above will push the pair towards 1.5640(March 20th high).
• Support is seen at 1.5427(50%fib) and break below could take the pair towards 1.5282(61.8%fib).
Recommendation: Good to sell around 1.5480 with stop loss of 1.5550 and target price of 1.5400
