23 Aug 2013
EUR/CAD testing the 1.4100 region after Canadian CPI
FXstreet.com (Barcelona) - The EUR/CAD technical cross has traded unevenly at the top end of its range following the release of Canadian data during US trading.
In Canada, the Consumer Price Index (YoY) grew by +1.3% in July, missing expectations of +1.4%. Moreover, the Consumer Price Index (MoM) yielded a figure of only +0.1% in July, compared to estimates of +0.2%. Finally, the Bank of Canada Consumer Price Index Core (YoY) came in at +1.4%, matching projections.
EUR/CAD technical levels
After retreating off earlier highs at 1.4129, the EUR/CAD has eased to 1.4096, still clinging to a healthy gain of +0.31% above its opening. Briefing the technicals, the EUR/CAD will encounter resistance at 1.4090, onto 1.4133, and 1.4199, notes the Mataf.net analyst team.
In Canada, the Consumer Price Index (YoY) grew by +1.3% in July, missing expectations of +1.4%. Moreover, the Consumer Price Index (MoM) yielded a figure of only +0.1% in July, compared to estimates of +0.2%. Finally, the Bank of Canada Consumer Price Index Core (YoY) came in at +1.4%, matching projections.
EUR/CAD technical levels
After retreating off earlier highs at 1.4129, the EUR/CAD has eased to 1.4096, still clinging to a healthy gain of +0.31% above its opening. Briefing the technicals, the EUR/CAD will encounter resistance at 1.4090, onto 1.4133, and 1.4199, notes the Mataf.net analyst team.