The cross drops to lows following poor GDP figures. Canadian GDP contracted 0.1% MoM in September. On a yearly basis, GDP expanded 2.1% in Q3. Renewed weakness surrounding the Canadian Dollar is now forcing EUR/CAD to drop to session lows near the 1.5100 handle. EUR/USD offered on data The cross has accelerated the daily downside after canandian GDP figures noted the economy contracted at a monthly 0.1% during September vs. a 0.1% expansion forecasted. Further data saw the economy expanding at an annualized 2.0% QoQ during the July-September period from 2.9% in the previous quarter. In the meantime, the cross remains close to multi-day peaks against the backdrop of declining crude oil prices and uncertainty in the US-China trade front. EUR/CAD levels to watch As of writing the cross is losing 0.08% at 1.5120 and a surpass of 1.5149 (high Nov.21) would expose 1.5294 (200-day SMA) and finally 1.5327 (High Sep.27). On the other hand, the immediate support is located at 1.5079 (100-day SMA) followed by 1.5013 (21-day SMA) and then 1.4948 (low Nov.23). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY trades above 113.50 as DXY surpasses 97 FX Street 4 years The cross drops to lows following poor GDP figures. Canadian GDP contracted 0.1% MoM in September. On a yearly basis, GDP expanded 2.1% in Q3. Renewed weakness surrounding the Canadian Dollar is now forcing EUR/CAD to drop to session lows near the 1.5100 handle. EUR/USD offered on data The cross has accelerated the daily downside after canandian GDP figures noted the economy contracted at a monthly 0.1% during September vs. a 0.1% expansion forecasted. Further data saw the economy expanding at an annualized 2.0% QoQ during the July-September period from 2.9% in the previous quarter. In the meantime, the cross… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
