EURCAD chart

EURCAD chart by TradingView

EUR/CAD

The Euro / Canadian Dollar denotes how many Canadian Dollars are needed to purchase one Euro. Crude oil is one of Canada's largest exports and as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly traded currencies in FX. Throughout history there have been numerous times the euro has been used as a funding currency during times of global economic uncertainty. The EUR/CAD typically has a slightly higher average true range than the majors, offering more opportunities to intra-day traders & swing traders alike.


News


Euro Forecast: EUR/USD Decline May Not Be Finished

The rise of a populist Italian government has started to stir concern among market participants. Meanwhile, the preliminary May Eurozone PMI readings aren’t set to improve, giving little reason for the Euro’s downtrend to end.
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Euro Breakdown Favored vs Canadian Dollar, Confirmation Pending


Euro Forecast: EUR/USD Weakness Can Resume if EZ CPI Declines Again


Watch for Rejections at Support in EUR/CAD and NZD/JPY


Euro Forecast: EUR/USD Weakness May Persist as Inflation Rates Decline


Real Time News


Analyst Picks

Ilya Spivak

Ilya Spivak Sr. Currency Strategist

My Picks: Short EURCAD (pending)
Expertise: Global macro
Average Time Frame of Trades: 1-6 months


Pivot Points data provided by IG

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