EUR/CAD Technical Analysis: Euro gains against CAD on BoC dovishness

Flavio Tosti Independent Analyst

EUR/CAD daily chart

EUR/CAD is trading just below its 100 SMA as the pair has been ranging since February.
EUR/CAD spiked to 1.5140 as the Bank of Canada was dovish.

EUR/CAD 4-hour chart

Bulls will need to break 1.5140 to move up to 1.5200 figure.
Failure to break above 1.5140 can see bears come back leaving 1.5080 and 1.5020 as main support.

Additional key levels

EUR/CAD

Overview
Today last price	1.5106
Today Daily Change	0.0035
Today Daily Change %	0.23
Today daily open	1.5071

Trends
Daily SMA20	1.5026
Daily SMA50	1.5043
Daily SMA100	1.5134
Daily SMA200	1.5103

Levels
Previous Daily High	1.5082
Previous Daily Low	1.5015
Previous Weekly High	1.5155
Previous Weekly Low	1.5002
Previous Monthly High	1.5226
Previous Monthly Low	1.4918
Daily Fibonacci 38.2%	1.5056
Daily Fibonacci 61.8%	1.504
Daily Pivot Point S1	1.503
Daily Pivot Point S2	1.4988
Daily Pivot Point S3	1.4962
Daily Pivot Point R1	1.5097
Daily Pivot Point R2	1.5124
Daily Pivot Point R3	1.5165

Author

Flavio Tosti

Independent Analyst

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