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29 Dec 2014
EUR/CAD testing 1.4200
FXStreet (Córdoba) - The euro is recovering against the loonie on Monday, after falling last week to 1.4123, the lowest price in two weeks.
The EUR/CAD pair peaked at 1.4208 but failed to hold above 1.4200 and pulled back. Currently trades at 1.4192 and continues to test the 1.4200 area; a consolidation above the mentioned zone could open the doors for a stronger recovery.
The euro remains resilient across the board despite political turmoil in Greece, where the Parliament failed to elect a new president. The loonie is the weakest among commodity currencies.
The EUR/CAD pair peaked at 1.4208 but failed to hold above 1.4200 and pulled back. Currently trades at 1.4192 and continues to test the 1.4200 area; a consolidation above the mentioned zone could open the doors for a stronger recovery.
The euro remains resilient across the board despite political turmoil in Greece, where the Parliament failed to elect a new president. The loonie is the weakest among commodity currencies.