Bullish currency pair EUR/CAD runs out of steam at 1.4649; currently at 1.4563

Marginally higher but lacking a clear-cut direction, EUR/CAD is trading at 1.4563 after ranging between 1.4538 and 1.4649 today.

Elsewhere, other currency pairs are also gaining ground as EUR/AUD gained 0.37% and is currently trading at 1.6432. GBP/NZD gained 0.27% and is now trading at 2.0457. Having closed the previous session at 1.7682, EUR/NZD is up 0.31% today to currently trade at around 1.7736.

Positive indicators for EUR/CAD are expected going forward as Canada GDP is projected to outperform its last figure with 0.2%. It previously stood at 0.1%; data will be released tomorrow at 12:30 UTC.

Also worthy of note, Germany Unemployment Change is projected to outperform its last figure with 14,000. It previously stood at 24,000; data will be released tomorrow at 07:55 UTC.

Furthermore, the market is looking at Euro Zone ECB President Lagarde speech set for tomorrow at 12:30 UTC.

As things stand, EUR/CAD is 3.57% away from a significant high of 1.5086, first set 27 days ago.