EUR/CAD took a dive as the euro bods hit the wires and caused macro sellers to hit the sell button. Around 35 pips was the damage here pushing it down from 1.5153. This spilled over into USD/CAD which toasted bids at 1.0950.
Further bids are seen at 1.0930, 1.0900, 1.0890, 1.0885, 1.0865, 1.0855, 1.0850 with stops on a break
There’s a mix of corp, spec and real money offers at 1.0990, 1.1000 (stops), 1.1005, 1.0025, 1.0030, 1.1050, 1.1080
Much like it’s US dollar cousin EUR/CAD failed to build on the break of the 61.8 fib from the 2008 slide.
EUR/CAD weekly chart 14 04 2014