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EUR/CAD eases off highs to 1.3200 after Canadian CPI

FXstreet.com (Barcelona) - The EUR/CAD cruised ahead to an intraday high of 1.3231 Friday, before easing slightly in the aftermath of the Canadian data release during US trading.

Indeed, the pair is now trading at the 1.3200 level, up a steadfast +0.52% thus far during US trading. Mataf.net technical analysts point to resistances for the EUR/CAD at 1.3196 onto 1.3240, after a previous jump above the 1.3159. Conversely, the pair is slated to face calculated support at 1.3078, then 1.3034, and ultimately 1.2997.

In Canada, the Bank of Canada Consumer Price Index Core (YoY and MoM) came in at +1.1% in April (against expectations of +1.2%) and +0.1% in April (vs. a projection of +0.2%). Additionally, the Consumer Price Index (YoY) yielded a climb of +0.4% in April, against estimates of +0.6%.

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