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

FX Street

Updated: 24 Apr. 2019 | 17:07

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

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