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ERU6 97.75/97.87cs bought for 2.5 in 7.5k.

• MNI: EUROZONE MAR CONSTRUCTION PMI 44.6 (46.0 FEB)

• RES 4: 1.4051 High Nov 28 
• RES 3: 1.4015 High Dec 2 ‘25
• RES 2: 1.3985 76.4% retracement of the Nov 5 ‘25 - Jan 30 bear leg
• RES 1: 1.3930/67 High Apr 7 / High Mar 31 and the bull trigger
• PRICE: 1.3847 @ 08:24 BST Apr 8
• SUP 1: 1.3822 20-day EMA 
• SUP 2: 1.3765 50-day EMA 
• SUP 3: 1.3670 Low Mar 23 and a key short-term support
• SUP 4: 1.3526 Low Mar 09

A bull cycle in USDCAD remains intact and for now, the latest pullback appears corrective. Note that moving average studies are in a bull-mode position, highlighting a dominant bull cycle. First support to watch lies at 1.3822, the 20-day EMA. The 50-day EMA lies at 1.3765. A clear break of the 50-day average is required to signal a stronger reversal. For bulls, a reversal higher would refocus attention on 1.3967, the Mar 31 high and bull trigger.