EUR/CAD extends gains, might test 1.44 soon by Milan Cutkovic

  • The commodity currencies have weakened against both EUR and GBP this week
  • EUR/CAD is currently testing 1.4250 and above, there is little resistance until 1.4395 (monthly high)
  • While the EUR/USD remains fairly bid overall with good support eyed between 1.2780 and 1.28, the Loonie remains under pressure as USD/CAD is pushing higher
  • Break above 1.11 seems imminent and daily close above could signal a test of 1.12 eventually

EURCAD

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