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      EUR/CAD surges on CAD weakness and ECB–BOC policy divergence

      Gerik

      Economic

      Forex

      Summary:

      On July 10, 2025, EUR/CAD hovers at 1.6035–1.6045, underpinned by dovish BOC tone, softer oil, and stronger euro outlook. With technical confluence suggesting a bullish breakout, key zones include support at 1.6000–1.6030 and resistance around 1.6100....

      Buy

      EURCAD

      End Time
      CLOSED

      1.60251

      Entry Price

      1.61000

      TP

      1.59750

      SL

      1.59994 +0.00286 +0.18%

      501

      Points

      Loss

      1.59750

      SL

      1.59750

      CLOSING

      1.60251

      Entry Price

      1.61000

      TP

      Market Overview

      Canadian dollar softness has accelerated lately, weighed by weaker oil prices and dovish commentary from the Bank of Canada. In contrast, the European Central Bank has maintained a moderately hawkish stance relative to Canada, adding strength to the euro. Meanwhile, forecast models predict a modest bullish move over the next month (~2.7%), reinforcing near-term upside into 1.605–1.610 .

      Market Sentiment

      The setups and wave analysis across timeframes show strong structural bulls: higher highs/lows sustained on D1/H4/H1, with institutional accumulation bias. The dominant feel is buy-on-dips, with sentiment data supporting a medium-term rally.

      Technical Analysis

      EUR/CAD surges on CAD weakness and ECB–BOC policy divergence_1
      In framework:
      Bollinger Bands (20,0,2): Price holds above mid-band (~1.6025–1.6035), riding upper regime—clear bullish signal.
      Ichimoku (9,26,52): Candles sit above Tenkan/Kijun and cloud, indicating intraday bullish momentum.
      Stochastic (5,3,3): On M15, slightly pulled back but still in bullish zone—momentum intact.

      Trade Recommendation

      Entry (Long): 1.6025–1.6038 — ideal pullback zone aligned with mid-BB and Ichimoku support
      Take Profit: 1.6100 — prior swing high and structural barrier
      Stop Loss: 1.5975–1.6000 
      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.

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