- EUR/CAD may navigate the region around the psychological level of 1.4700.
- The 14-day RSI indicates sustained bearish momentum, hovering slightly above the 30 level.
- The cross may test the area near the “pullback resistance” around the 1.4870 level.
EUR/CAD extends its losing streak to a fifth consecutive session, trading near the 1.4770 level during early European trading hours on Thursday. Daily chart technical analysis points to waning short-term momentum, with the nine-day Exponential Moving Average (EMA) positioned below the 14-day EMA.
Meanwhile, the 14-day Relative Strength Index (RSI), a widely used indicator for gauging overbought or oversold conditions, is currently just above the 30 mark. This suggests ongoing bearish momentum without confirming a fully oversold condition.
If the RSI falls below 30, traders may look for signs of an upward correction. A rebound from oversold levels could drive the pair back toward the 1.4800-1.4850 range, where sellers may once again challenge the strength of any recovery attempt.
On the downside, key support is positioned at 1.4700, a level of particular significance for technical traders. This support could either act as a buffer, potentially slowing further decline, or, if decisively broken, reinforce the bearish trend. A break below 1.4700 could open the door for EUR/CAD cross to approach its seven-month low of 1.4587.
On the upside, EUR/CAD faces initial resistance around 1.4870, a level that previously served as support but has now become “pullback resistance.” A move above this “throwback” level could suggest cautious bullish sentiment emerging among traders.
If EUR/CAD breaks above 1.4870, the focus would then shift to the nine-day EMA at 1.4884 and the 14-day EMA at 1.4922. These EMAs act as dynamic resistance points that would need to be surpassed for any substantial bullish momentum to gain traction.
EUR/CAD: Daily Chart
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.05% | 0.09% | 0.12% | -0.03% | 0.06% | 0.12% | 0.07% | |
| EUR | -0.05% | 0.04% | 0.05% | -0.08% | 0.02% | 0.07% | 0.01% | |
| GBP | -0.09% | -0.04% | 0.02% | -0.12% | -0.02% | 0.03% | -0.02% | |
| JPY | -0.12% | -0.05% | -0.02% | -0.14% | -0.06% | -0.02% | -0.05% | |
| CAD | 0.03% | 0.08% | 0.12% | 0.14% | 0.10% | 0.16% | 0.10% | |
| AUD | -0.06% | -0.02% | 0.02% | 0.06% | -0.10% | 0.06% | 0.00% | |
| NZD | -0.12% | -0.07% | -0.03% | 0.02% | -0.16% | -0.06% | -0.07% | |
| CHF | -0.07% | -0.01% | 0.02% | 0.05% | -0.10% | -0.01% | 0.07% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD: Further recovery targets 0.6400
AUD/USD soared to three-day highs around 0.6180 on Wednesday, bouncing back from multi-year lows near 0.5900 as easing worries over US tariffs helped fuel the recovery.
EUR/USD: Next on the upside comes the YTD peaks
EUR/USD ended the day with modest loses, coming under renewed downside pressure after hitting tops near 1.1100 the figure on the back of the late bounce in the Greenback.
Gold drifts higher above $3,050 amid escalating US-China trade tensions
Gold price edges higher to around $3,080 during the early Asian session on Wednesday. The safe-haven demand amid escalating trade tensions between the United States and China provides some support to the precious metal.
Ethereum: Trump's tariff pause lifts ETH as SEC approves options trading on ETH ETF
Ethereum gained 13% on Wednesday after President Trump announced a 90-day tariff pause on 75 countries. Following the announcement, the SEC approved Fidelity, BlackRock, Bitwise and Grayscale applications to allow options trading on their spot Ether ETFs.
Tariff rollercoaster continues as China slapped with 104% levies
The reaction in currencies has not been as predictable. The clear winners so far remain the safe-haven Japanese yen and Swiss franc, no surprises there, while the euro has also emerged as a quasi-safe-haven given its high liquid status.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.