Keeps sideways bias above 1.6150, Canadian employment report is focus

Technical Analysis:

In the daily chart, EUR/CAD holds marginally above the 100-EMA at 1.6150, which has flattened after a mild uptick. The 20-period average embedded in the Bollinger Bands at 1.6173 caps the immediate rebound, maintaining a tight, sideways bias. Bollinger Bands drift lower with contained width as spot trades under the midline; a daily close above that average could open the path toward the upper band at 1.6283.

RSI at 48.97 is neutral, stabilizing after prior soft readings. Failure to reclaim the mid-band would keep pressure toward the lower Bollinger Band at 1.6064, with the 100-EMA acting as initial support; a decisive move back above the midline would improve momentum and shift focus to overhead band resistance.