9 Jul 2013
EUR/CAD plunges to session lows
FXstreet.com (New York) - The EUR/CAD technical cross is in the midst of faltering during US trading Tuesday, having now fallen nearly 35 pips in recent moments.
EUR/CAD drops on upbeat Canadian data
In terms of economic data, earlier today in Canada, Housing Starts s.a (YoY) were reported at 199.6K in June, having exceeded expectations of only 187.0K, and compared with a figure of 204.6K in May.
EUR/CAD breaches first support
The EUR/CAD foreign exchange rate is currently trading at session lows at 1.3533, down -0.40% in these moments. After a brush with the 1.3600 level earlier today (1.3604 session high), the EUR/CAD is deeply entrenched in negative territory, facing supportive means at 1.3510, ahead of .3478 (previous support at 1.3545 was broken), calculates the Mataf.net analyst team.
EUR/CAD drops on upbeat Canadian data
In terms of economic data, earlier today in Canada, Housing Starts s.a (YoY) were reported at 199.6K in June, having exceeded expectations of only 187.0K, and compared with a figure of 204.6K in May.
EUR/CAD breaches first support
The EUR/CAD foreign exchange rate is currently trading at session lows at 1.3533, down -0.40% in these moments. After a brush with the 1.3600 level earlier today (1.3604 session high), the EUR/CAD is deeply entrenched in negative territory, facing supportive means at 1.3510, ahead of .3478 (previous support at 1.3545 was broken), calculates the Mataf.net analyst team.