EUR/CAD remained stable around the exchange rate of 1.6160 during early European trading on Monday. After a modest gain in the prior session, the currency pair has seen little movement, reflecting the overall subdued market activity. The holiday season is contributing to lower trading volumes as the market prepares for a Christmas-shortened week.
As traders adopt a cautious approach, the light trading conditions may limit volatility in the EUR/CAD pair. Market participants are likely to focus on upcoming economic indicators and global developments that could influence the euro and Canadian dollar in the coming days. With the USD also in play, the dynamics in the forex market could shift rapidly, but for now, the pair remains anchored at this key technical level.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 08:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.