1 Dec 2014
EUR/CAD back below 1.4200
FXStreet (Córdoba) - EUR/CAD rose sharply last week on the back of a sharp decline of the loonie across the board, hit by plugging crude oil prices. Today the pair was trimming last week gains and pulled back below 1.4200.
EUR/CAD again capped by 1.4260
Last week reached 3-week highs at 1.4266 but failed to break higher and it was unable to consolidate above 1.4255 as it happened two weeks ago. On Monday the pair peaked at 1.4250 but then turned to the downside and fell constantly, reaching during the US session 1.4142.
At the moment of writing it was trading at 1.4150, down 0.54%; having the first decline in a week, supported by the recovery of crude oil and commodity currencies.
EUR/CAD again capped by 1.4260
Last week reached 3-week highs at 1.4266 but failed to break higher and it was unable to consolidate above 1.4255 as it happened two weeks ago. On Monday the pair peaked at 1.4250 but then turned to the downside and fell constantly, reaching during the US session 1.4142.
At the moment of writing it was trading at 1.4150, down 0.54%; having the first decline in a week, supported by the recovery of crude oil and commodity currencies.