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Forex: EUR/CAD falls below 1.3400 level

FXstreet.com (Barcelona) - The EUR/CAD edged lower Monday, having stumbled off the 1.3400 handle earlier. During US trading and on the heels of US economic data, the cross is incurring a loss of -0.27%, entrenched at 1.3374/77.

In the United States, the Chicago Fed National Activity Index (March) came in at -0.23, compared to a figure of 0.76 previously. Later today, investors will mull housing data at 14:00 GMT.

According to the Mataf.net technical analyst team, the EUR/CAD is slated to face calculated support at 1.3357, onto 1.3315, and finally 1.3262. Alternatively, a break higher will open up resistances at 1.3452, then 1.3505, and ultimately 1.3547.

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