The Canadian dollar is the top performer today while the euro is flattish on most crosses after the deep declines yesterday.
It’s difficult to find a euro chart that looks upbeat and EUR/CAD is no exception. The decline yesterday broke the 100-day moving average and the 61.8% retracement of the gain this year.
The net level of support converges around the yearly low of 1.2846 and the 200-day moving average at 1.2868.
