The EUR/CAD currency pair is still into a wide range. According to our technical and fundamental analysis, this pair might rise in the medium term. The price has already reached EMA 50 on the daily chart, and the RSI oscillator is above 50. Moreover, the price has reached EMA 200 on the weekly chart. The EUR/CAD pair has formed a new bottom on the weekly chart.
The most important data of this week:
Germany GDP QoQ (-0.2% expectation); (-0.2% previous)
YoY (+1.1% expectation); ( +1.1% previous)
Canada CPI MoM (+0.1% expectation); (-0.4% previous)
YoY (+2.2% expectation); (+2.2% previous)