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

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