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5 Jul 2013
EUR/CAD cannot hold above 1.3600 level
FXstreet.com (New York) - The EUR/CAD technical cross retreated below the 1.3600 level after peaking earlier at 1.3612 during US trading Friday.
EUR/CAD loses daily gains
After investors have digested the tranche of Canadian data, the EUR/CAD has now erased its daily gains to fall into negative territory down -0.04% - presently the pair is navigating the region of 1.3572. The Mataf.net analyst team has identified the next short-term measures of support at 1.3489, then 1.3402, and 1.3290. Alternatively, resistance lies higher at 1.3688, then 1.3800, and ultimately 1.3887.
EUR/CAD slides on data
Earlier today in Canada, Unemployment Rate was held at 7.1% in June, in line with expectations. Moreover, the Net Change in Employment (June) yielded -0.4K in June, against estimates of -2.5K. The Ivey Purchasing Managers Index s.a. (June) was reported at 55.3, missing projections of 57.0. Finally, the Ivey Purchasing Managers Index (June) came in at 56.6, relative to 70.8 previously.
EUR/CAD loses daily gains
After investors have digested the tranche of Canadian data, the EUR/CAD has now erased its daily gains to fall into negative territory down -0.04% - presently the pair is navigating the region of 1.3572. The Mataf.net analyst team has identified the next short-term measures of support at 1.3489, then 1.3402, and 1.3290. Alternatively, resistance lies higher at 1.3688, then 1.3800, and ultimately 1.3887.
EUR/CAD slides on data
Earlier today in Canada, Unemployment Rate was held at 7.1% in June, in line with expectations. Moreover, the Net Change in Employment (June) yielded -0.4K in June, against estimates of -2.5K. The Ivey Purchasing Managers Index s.a. (June) was reported at 55.3, missing projections of 57.0. Finally, the Ivey Purchasing Managers Index (June) came in at 56.6, relative to 70.8 previously.