Erasing much of yesterday's losses, the euro edged higher against its Canadian counterpart in early deals on Tuesday.
The common currency climbed to a 4-day high of 1.4587 against the Canadian dollar around 5:40 am ET, up by more than 1.2 percent from yesterday's fresh monthly low of 1.4410.
Yesterday's failed test of 1.44 support and a subsequent rebound suggest the euro may challenge resistance around the 1.47 area.
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