EURCAD Chart Technical Outlook worse than expected PMI data sends the cross tumbling, support located at 1.4983.
Worse than expected eurozone PMI data has sent the cross tumbling this morning. Although we are close to the 261.8% extension level of 1.5060, there’s no clear indication that the selloff is stalling. Prime support is located at 1.4983. Intraday resistance is located at 1.5100.
