Published March 20, 2018 7:35 am EST
by Richard Cason
Over the last several days EUR CAD has been Trading in a 100 Pip range. Eur Cad hit its historical Yearly highs of 1.6151 on March 19, 2018 gaining a robust .22%.
The Eur Cad historically hasn’t traded beyond the 1.6161 level since July of 2009.
- Wholesale Sales measures the change in the total value of sales at the wholesale level. It is a leading indicator of consumer spending.
On the data front we have some lack luster Euro News coming out of Germany today.
06:00 am est 
German ZEW Current Conditions (Mar) exceeded expectation |Actual 90.7| Forcasted 90.7| Previous 92.3.
6:00 am est German ZEW Economic Sentiment (Mar) came in below expectation at |Actual 5.1 | Forcasted 13.1|Previous 29.3.
6:00 am est German ZEW Economic Sentiment came in below expectation |Actual 13.4 | Forcasted 28.1| Previous 29.3.
Nmmforex.com
Eur Cad is trading at 1.6072 appears to be ranging within 70 pip levels. The EurCad is trading below the (13) SMA seems to be testing the intra day temporary support 1.6013 handle.
The currency pair has broken below the 13 day simply moving average. The 1 hour RSI is at 32.4 and the Daily RSI is at 61 showing signs of possible weakness.
- Euro FX futures APR 2018 1.23015 down point -.0.0085 as of 9:23 a.m. eastern standard time
- U.S. dollar is holding his own the dollar Index is at 89.94 down -.01% at 9:23 a.m. this morning Eastern Standard Time.
- The US 10-year treasury note trading at 2.864% up .007. Yield Low Today 2.81% Yield High 2.87%
On the Commodities front Gold is trading at 1310.44 down – .465% at 9:23 a.m. this morning.
- Silver is trading at 16.299 down -.493% at 9:23 a.m. this morning.
- Crude oil (WTI) is trading at 63.24 .11 up +1.88% at 9:23 at 9:23 am this morning.
**Technical Analysis Outlook EURCAD: “Bearish” | 70 pip Trading Range 03/20/2018 High 1.6151 Low 1.6071
- Potential intraday resistance areas for the EUR CAD R1 1 .6099, R2 1.6199, Intraday Support areas S1 1.6010
R2 1.5950 - 1 Hour RSI 32 Daily RSI 60
