A slow down? After five days of going up, EUR/CAD is flat today, hovering around 1.4955.

Marginally higher but lacking a clear-cut direction, EUR/CAD is trading at 1.4955 after ranging between 1.4939 and 1.4991 today.

EUR/CAD upside coincides with further encouraging market factors as highly important Business Climate Index data from Germany beat analyst expectations of 94 with a reading of 93.6.

Meanwhile, Canada Wholesale Sales (MoM) came out at -0.4, while a consensus of analysts was expecting 0.3. Canada New Housing Price Index (MoM) (Mar) released yesterday at 12:30 UTC with a figure of zero, while the previous figure was -0.2.

Meanwhile, AUD/USD is down to 0.6626, losing 71 pips, after closing at 0.6697 in the preceding trading session. After ending yesterday's session at 148.17, EUR/JPY lost 143 pips and is trading around 146.73. GBP/JPY closed at 165.93 (down 0.93%).

Elsewhere, Canada Manufacturing Sales (MoM) scheduled to come out tomorrow at 12:30 UTC. Germany GfK Consumer Climate (May) is scheduled for tomorrow at 06:00 UTC. Tomorrow at 10:00 UTC data for France Jobseekers Total will be released, with an expected decline to 2.79 million from the preceding figure of 2.78 million.

The currency pair has been trending positively for about 2 months. As things stand, EUR/CAD is 15.95% away from a significant low of 1.2895 first set 7 months ago.