EUR/CAD continues its upward momentum, maintaining gains above 1.6150 and trading around 1.6170 in early European trading on Tuesday. This marks the third consecutive session of gains for the currency pair, as the Euro (EUR) benefits from a cautious sentiment regarding the European Central Bank’s (ECB) policy outlook.
The ECB's measured approach has bolstered the Euro, encouraging traders to favor the currency against its Canadian counterpart. As the exchange rate solidifies above key technical levels, market participants are closely watching for further developments in ECB communications that may influence the Euro's performance and the dynamics of the EUR/CAD pair in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 07:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.