EUR/CAD Price Analysis: Pair fell below 1.4700, lowest since July

EUR/CAD fell 0.19% on Thursday, hitting 1.4700, the lowest since July 1st.
With indicators in deeply oversold territory, the EUR/CAD might consolidate to the upside, but the overall outlook remains negative.

Patricio Martín FXStreet

The EUR/CAD declined by 0.19% to 1.4700 in Thursday's session, reaching its lowest level since July 1st. The currency pair has been falling steadily since then, amid increasing selling pressure as indicated by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD). The overall momentum appears to be bearish, with the pair likely to continue its downward trend in the near term, as per our previous technical analysis.

The technical indicators for the EUR/CAD pair suggest that the downtrend is likely to continue. The RSI is at 27, indicating oversold conditions, and is sloping down, suggesting that selling pressure is rising. The MACD is also suggesting that selling pressure is rising, as the histogram is red and rising. The overall outlook for the EUR/CAD is bearish, and the pair is likely to continue its decline in the near term but an upwards correction shouldn’t be taken off the table.

While deeply oversold conditions may lead to short-term consolidation, the outlook remains negative. Indicators such as the RSI and MACD suggest continued selling pressure, and the pair is likely to decline further.

EUR/CAD daily chart

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold bounces back above $5,150 ahead Trump's State of the Union speech

Gold finds fresh demand and regains the $5,150 level following the previous day's pullback from the monthly peak as traders await Trump's State of the Union address. In the meantime, trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.