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EUR/CAD Price Analysis and Forecast: EUR/CAD Maintains Upward Momentum
The EUR/CAD pair continues to rise
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The EUR/CAD pair continues to rise confidently for the third consecutive day, trading near the 100-day SMA. This pair is showing steady upward momentum, as the euro maintains its strength against major rival currencies despite weaker activity in Germany's industrial sector in March.According to data published Friday by Germany's Federal Statistical Office (Destatis), industrial production in the country, adjusted for seasonal factors, declined by 0.7% month-over-month. This result was worse than analysts' expectations for a 0.5% increase and followed a
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Irina Yanina,
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