Global Markets

News
Columns
7x24
Economic Calendar
Quotes

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Correlation

Popular Indicators

Analysis
AI Signal

Trading Signals

AI Signal

Pro
Recent Searches
    Trending Searches
      News
      7x24
      Quotes
      Economic Calendar
      Video
      Data
      • Names
      • Latest
      • Prev.

      View All

      No data

      Sign in

      Sign up

      Membership
      Quick Access to 7x24 Real-time Quotes
      Upgrade to Pro

      --

      • My Favorites
      • Following
      • My Subscription
      • Profile
      • Orders
      • FastBull Pro
      • Account Settings
      • Sign out

      Scan to download

      Faster Financial News and Market Quotes

      Download App
      Reminder Settings
      • Economic Calendar
      • Quotes/Market Quotes

      Reminders Temporarily Unavailable

      I have a redeem code

      Rules for using redeem codes:

      1.The activated redeem code cannot be used again

      2. Your redeem code becomes invalid if it has expired

      Redeem
      FastBull Membership Privileges
      Quick Access to 7x24
      Quick Access to More Editor-selected Real-time News
      Real-time Quotes
      View more faster market quotes
      Upgrade to FastBull Pro
      I have read and agreed to the
      Pro Policy
      Feedback
      0 /250
      0/4
      Contact Information
      Submit
      Invite

      EUR/CAD edges higher above 1.6240 as ECB holds and oil weighs on CAD

      Gerik

      Forex

      Summary:

      The EUR/CAD pair strengthened toward ~1.6240–1.6250 as the European Central Bank (ECB) reaffirmed a cautious policy stance and the Canadian dollar (CAD) came under pressure due to softer oil prices

      Buy

      EURCAD

      EXP
      Trading

      1.62603

      Entry Price

      1.63250

      TP

      1.61800

      SL

      1.62724 +0.00225 +0.14%

      0

      Point

      Flat

      1.61800

      SL

      CLOSING

      1.62603

      Entry Price

      1.63250

      TP

      Overview

      EUR/CAD climbed as oil prices (which strongly influence CAD via Canada’s energy export exposure) traded near the low‑$60s, reducing CAD strength. Meanwhile, the ECB signalled that current policy remains appropriate unless inflation deviates from target, which supports the euro’s relative positioning. According to ECB reference data, EUR/CAD printed 1.6226 on 21 Nov, up from earlier levels.
      Technical measures from Investing show the pair is in a strong‑buy zone, with moving averages aligning positively. In this context the setup is favourable for a buy on EUR/CAD, provided oil doesn’t sharply rebound (which would favour CAD) or the ECB unexpectedly becomes more dovish.

      Market sentiment

      Sentiment is tilted toward the euro vs CAD. The euro benefits from a steady policy outlook and the impression of being the “safe alternative” among commodity‑linked currencies, while the CAD is weighed by weaker oil and lack of fresh supportive domestic data. Analysts note a bullish skew for EUR/CAD, with technical studies signaling strong buy across multiple timeframes. One caveat: some commentary warns of a slowing euro‑trend against the backdrop of broader USD strength and political risks. 

      Technical analysis

      EUR/CAD edges higher above 1.6240 as ECB holds and oil weighs on CAD_1
      On the M15 chart, price is riding above the Bollinger mid‑line and reacting positively on dips toward the 20‑period mean. That structure suggests favorable conditions for buying on retracements. The Ichimoku cloud (Kumo) is below or near current price, offering dynamic support in the ~1.6215–1.6230 region. A clean %K cross above %D in the Stochastic from the 40–50 band on a dip would confirm momentum readiness.Given this alignment, the entry zone is defined near the recent support cluster, the target is aligned with recent highs/resistance, and stop‑loss is placed beneath the cloud support.

      Trade Recommendation 

      Entry: 1.6260
      TP: 1.6325
      SL: 1.6180
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to 7x24

      Quick Access to More Editor-selected Real-time News

      Exclusive video for free

      FastBull project team is dedicated to create exclusive videos

      Real-time Quotes

      View more faster market quotes

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      FastBull
      English
      English
      العربية
      繁體中文
      简体中文
      Bahasa Melayu
      Bahasa Indonesia
      ภาษาไทย
      Tiếng Việt
      Telegram Instagram Twitter facebook linkedin App StoreGoogle Play
      Copyright © 2025 FastBull Ltd
      Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us

      Risk Disclosure

      The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

      No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

      Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.