EUR/CAD Price Forecast: Remains below 1.4850, next barrier at a pullback resistance

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EUR/CAD Price Forecast: Remains below 1.4850, next barrier at a pullback resistance
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The EUR/CAD cross attempts to halt its two days of losses, trading around 1.4840 during the Asian session on Tuesday.

EUR/CAD may find an immediate barrier around a “pullback resistance” at the 1.4870 level. The 14-day RSI remains below the 50 level; a further decline toward the 30 mark would strengthen bearish bias. The psychological level of 1.4800 appears as the immediate support for the pair. The EUR/CAD crossattempts to halt its two days of losses, trading around 1.4840 during the Asian session on Tuesday.

Regarding the resistance, the EUR/CAD cross finds an immediate barrier around “throwback support” turned “pullback resistance” at the 1.4870 level. A break above the level could lead the pair to test the nine-day EMA at 1.4951 level, followed by the 14-day EMA at 1.4974 level. EUR/CAD: Daily Chart Euro PRICE Today The table below shows the percentage change of Euro against listed major currencies today. Euro was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.

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