Bullish currency pair EUR/CAD runs out of steam at 1.479; currently at 1.4768

EUR/CAD trades at 1.4768 after gaining 76 pips (0.52%).

EUR/CAD is currently trading at 1.4768 following the release of BOC Press Conference data from the Canada.

Meanwhile, Canada Interest Rate came out at 4.5, while a consensus of analysts was expecting 4.5. Fresh Retail Sales data released in Euro Zone matched analyst forecasts with a reading of -0.8% — a backwards step from its previous reading of 0.8%.

A look at other currencies also shows bullish price action as EUR/USD soars 0.75% to trade around 1.1.

Meanwhile, USD/CHF closed at 0.8955 (down 0.87%). After ending yesterday's session at 1.3325, USD/SGD lost 48 pips and is trading around 1.3276.

Elsewhere, Germany Consumer Price Index is expected tomorrow at 06:00 UTC. Euro Zone Industrial Production is projected to outperform its last figure with 1%. It previously stood at 0.7%; data will be released tomorrow at 09:00 UTC. Germany Consumer Price Index is expected tomorrow at 06:00 UTC.

The currency pair has been trending positively for about 2 months. EUR/CAD is now trading 13.94% away from its significant low of 1.2895 first tested 7 months ago.