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8 Jan 2015
EUR/CAD tests 2014 lows
FXStreet (Córdoba) - EUR/CAD dropped during the European session to 1.3881, just one pip above 2014 low. During the last hour the pair trimmed losses and managed to climbed back above 1.3900.
It was trading at 1.3930, down 0.40% for the day and losing 140 pips over the week so far. The pair is headed toward the fourth weekly decline in a row, amid a weak euro.
The pair weakened yesterday when it lost the 1.4000 mark and today extended the decline after breaking 1.3970 (Jan 7 low). The area around 1.3880 is the immediate support; if it falls below it would be trading at the lowest in 15 months.
It was trading at 1.3930, down 0.40% for the day and losing 140 pips over the week so far. The pair is headed toward the fourth weekly decline in a row, amid a weak euro.
The pair weakened yesterday when it lost the 1.4000 mark and today extended the decline after breaking 1.3970 (Jan 7 low). The area around 1.3880 is the immediate support; if it falls below it would be trading at the lowest in 15 months.