After closing at 1.4365 yesterday, EUR/CAD began today at 1.4375 with significant bullish sentiment driving EUR/CAD's price action higher. So far today, price action has drawn out a distinct 1.4359 to 1.4412 range.
Germany Manufacturing PMI is next today at 08:30 UTC.
Other currencies are also rising as USD/SGD rises 0.18% to trade around 1.3375. USD/JPY is up 0.12%.
At the same time, after ending yesterday's session at 1.0688, EUR/USD lost 21 pips and is trading around 1.0667.
Positive indicators for EUR/CAD are expected going forward as Canada Core Retail Sales is projected to outperform its last figure with -0.3%. It previously stood at -0.6%; data will be released today at 13:30 UTC.
Elsewhere, Canada Core Consumer Prices figure is projected at 0.2%. It previously stood at -0.3%; data will be released today at 13:30 UTC. Germany ZEW Economic Sentiment Index figure is projected at 22. It previously stood at 16.9; data will be released today at 10:00 UTC.
Having set a peak of 1.4611 around 27 days ago, EUR/CAD is now trading 1.68% below this level.