The Eurozone single currency has edged lower by 1.03% against the Canadian Dollar since June 21. The EUR/CAD exchange rate breached the 1.4660 area during the Asian session on June 28.
If the support level at 1.4660 holds, bullish traders are likely to pressure the currency pair higher during this week’s trading sessions. Buyers might target the weekly R1 at 1.4779.
However, if the currency exchange rate breaks the support level, as mentioned above, the next target for bears would be near the 1.4600 region.
