Post Details

Introduction to EURCAD

The EURCAD pair represents the exchange rate between the Euro (EUR) and the Canadian Dollar (CAD), often referred to as a cross-currency pair as it excludes the US dollar. It is a widely traded forex pair, attracting interest from both European and Canadian market participants. While not as liquid as EUR/USD or USD/CAD, EUR/CAD remains significant for traders who follow European and Canadian economic developments. Due to its sensitivity to both Eurozone monetary policy and Canadian resource-driven economy, the pair provides diverse trading opportunities.

EUR-CAD Market Overview

As of November 28, 2025, the EUR-CAD forex pair is exhibiting a consolidation pattern following a long-term bullish trend that began in 2022. Eurozone fundamentals remain robust, with recent German Import Price Index and Retail Sales figures reinforcing inflationary momentum, a key concern for the ECB. Additionally, Consumer Price Index (CPI) data from Germany, France, Italy, and Spain has shown persistent inflation pressures, suggesting that the European Central Bank may retain its hawkish monetary stance into early 2026. In contrast, Canada’s latest GDP figures due for release on December 23, are highly anticipated, as traders evaluate whether Canada’s economic resilience can offset the Euro’s strength. The upcoming speech by Bundesbank President Joachim Nagel, known for his hawkish views, adds further weight to bullish Euro sentiment.

EUR/CAD Technical Analysis

On the daily chart, the EUR/CAD pair continues to trade within a defined Price Channel (PC) range, currently hovering near the center price line at 1.62379. The long-term trend remains bullish, with price action still supported by a broader uptrend that has persisted since 2022. After testing the high price line at 1.63882 which is just shy of the major resistance at 1.64646 (the highest level since 2009) the pair retraced toward the median range, suggesting a consolidation phase. The TRIX 18 indicator is modestly positive at 0.41, signaling a continuation bias in upward momentum. Meanwhile, the Commodity Channel Index (CCI 20) stands at 26.64, indicating mildly bullish conditions without being overbought, allowing room for further upside if fundamentals align.

Final Words about EUR vs CAD

EUR CAD remains a technically and fundamentally interesting forex pair to watch as we approach the final month of 2025. With inflationary pressures evident across the Eurozone and upcoming Canadian GDP data likely to sway sentiment, traders should brace for potential breakouts in either direction. Technically, a sustained close above the 1.63882 resistance zone could open the door to retesting 1.64646 the decade high. However, failure to hold above the center line near 1.62379 could invite further range-bound trading or even a mild pullback. With monetary policy expectations still favoring the ECB’s hawkish tilt and the Bank of Canada’s more balanced approach, the Euro may continue to dominate unless Canadian economic indicators outperform. Risk management remains essential given the possibility of increased volatility in December.

Disclaimer: This EURCAD analysis, provided by Unitedpips, is for informational purposes only and does not constitute trading advice. Always conduct your own Forex analysis before making any trading decisions.