FX.co ★ EUR/CAD

Hello! The hourly EURCAD chart shows price consolidation at the 1.6220 level. This is due to the fact that the main news of the day has already been released. Inflation in the Eurozone countries is not significant enough to create a trend, and Canada rarely releases indicators. Now the reaction will only come in the evening session if traders pay attention to JOLTs. Usually, Forex rarely reacts to the US job openings number, but together with the consumer confidence from CB, the data will allow us to forecast the Fed’s behavior. But who will benefit more, EUR or CAD? I’m expecting a breakout of EURCAD above 1.6240.