EUR/CAD Live News

This page provides live coverage and news analysis on the EUR/CAD currency pair

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Jul. 3, 2024

Mixed sentiment sees EUR/CAD currency pair ending the session broadly flat; establishes tight 1.4685 to 1.4709 range

Live - Updated 21432 minutes ago.

EUR/CAD posts light gains on a low-volatility day, ranging between 1.4685 – 1.4709 and is now at 1.4704.

EUR/CAD could be slowing down soon as it approaches resistance at 1.4741. Of course, crossing it might suggest further gains are ahead. Despite posting gains so far today, EUR/CAD slid below its 200 day Simple Moving Average at 1.4694 in earlier trade — an early indicator that a negative trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at 1.4781, thereby suggesting that EUR/CAD is becoming overvalued.

EUR/CAD is likely to reverse course and start pointing downward in the short term.

Other currencies are also rising as EUR/JPY is up 0.38%. Having closed the previous session at 161.43, USD/JPY is up 0.27% today to currently trade at around 161.86. Having closed the previous session at 204.75, GBP/JPY is up 0.32% today to currently trade at around 205.41.

EUR/CAD now trading 68% above its 3-month low of 1.42.

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Week to date

Stalemate for EUR/CAD bulls and bears .

Trading week at a glance - EUR/CAD is up to 1.4704, after closing yesterday at zero. Overall, a 0% move or 14,703 pips this week. (Start trading EUR/CAD at FXTM today).