19 Dec 2014
EUR/CAD running into supply post Canadian CPI
FXStreet (Guatemala) - EUR/CAD is trading at 1.4264, up 0.11% on the day, having posted a daily high at 1.4296 and low at 1.4203.
EUR/CAD has dropped back post the highs and rally that’s came in the form of a spike post the Canadian CPI arriving at 2% and missing the 2.2% expectations. The main fall in process came from gasoline year on year by 5.9%.
The 1.53 handle is a congested area where strong offers are placed and coinciding with EUR/USD’s recent fall out from the top of the 1.24 handle. The current price is at the (Daily 100 SMA) and just ahead we have 1.4285 (Weekly Classic PP), 1.4288 (Daily Classic PP) and 1.4341 (Hourly 200 SMA).
EUR/CAD has dropped back post the highs and rally that’s came in the form of a spike post the Canadian CPI arriving at 2% and missing the 2.2% expectations. The main fall in process came from gasoline year on year by 5.9%.
The 1.53 handle is a congested area where strong offers are placed and coinciding with EUR/USD’s recent fall out from the top of the 1.24 handle. The current price is at the (Daily 100 SMA) and just ahead we have 1.4285 (Weekly Classic PP), 1.4288 (Daily Classic PP) and 1.4341 (Hourly 200 SMA).