EUR/CAD Price Analysis: Pair fell below 1.4700, lowest since July

EUR/CAD fell 0.19% on Thursday, hitting 1.4700, the lowest since July 1st.
With indicators in deeply oversold territory, the EUR/CAD might consolidate to the upside, but the overall outlook remains negative.

Patricio Martín FXStreet

The EUR/CAD declined by 0.19% to 1.4700 in Thursday's session, reaching its lowest level since July 1st. The currency pair has been falling steadily since then, amid increasing selling pressure as indicated by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The overall momentum appears to be bearish, with the pair likely to continue its downward trend in the near term, as per our previous technical analysis.

The technical indicators for the EUR/CAD pair suggest that the downtrend is likely to continue. The RSI is at 27, indicating oversold conditions, and is sloping down, suggesting that selling pressure is rising. The MACD is also suggesting that selling pressure is rising, as the histogram is red and rising. The overall outlook for the EUR/CAD is bearish, and the pair is likely to continue its decline in the near term but an upwards correction shouldn’t be taken off the table.

While deeply oversold conditions may lead to short-term consolidation, the outlook remains negative. Indicators such as the RSI and MACD suggest continued selling pressure, and the pair is likely to decline further.

EUR/CAD daily chart

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

AUD/USD stays weak above 0.6900 after China’s trade data

AUD/USD struggles to capitalize on the previous day’s recovery and stays defensive on the 0.6900 level following the narrowing of trade surplus in China. Increased December Fed rate hike bets allows the US Dollar to pause its decline and weigh on the pair. US CPI data is next of note for the major.

USD/JPY retakes 158.00 on weak Japanese data; focus shifts to US CPI

USD/JPY attracts some dip-buyers and retakes 158.00 in the Asian session on Tuesday as a fall in Japan’s Household Spending offsets hawkish BoJ Summary of Opinions, undermining the Japanese Yen. Moreover, Fed hike bets support the safe-haven US Dollar and the currency pair. The market focus now shifts to the release of the crucial US CPI report.

Gold slides below $4,100 as Fed hike bets exert pressure ahead of US CPI

Gold extends its intraday descent and slides below the $4,100 mark, reversing a major part of the previous day's strong gains to the $4,150 resistance. Firming US Federal Reserve rate-hike expectations turn out to be a key factor driving flows away from the non-yielding bullion. Meanwhile, the US Dollar struggles to lure buyers amid mixed signals regarding the state of diplomatic talks between the US and Iran. This could offer some support to the commodity as traders seem hesitant ahead of US consumer inflation figures.

Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin fell below $75,000 on Tuesday, after recording its lowest weekly close since August as selling pressure pushed recent buyers into losses.

US CPI data set to ease in October as markets reassess Fed rate hike expectations

The US Bureau of Labor Statistics will publish the October Consumer Price Index data on Tuesday, a release that could influence the US Dollar valuation as investors reassess the Federal Reserve’s interest-rate outlook. The report won’t include 12-month percentage changes for most CPI series in this release, due to missing October 2025 monthly data because of the lack of collection during the government shutdown from October 1, 2025, to November 12, 2025.

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.