Mon, Apr 06, 2026 10:37 GMT
More
    HomeLive CommentsEUR/CAD rises after BoC, heading to 1.4?

    EUR/CAD rises after BoC, heading to 1.4?

    ActionForex
    By ActionForex

    EUR/CAD’s rise from 1.2867 accelerates upwards after smaller than expected rate hike by BoC. For now, further rally is expected as long as 1.3405 support holds even in case of retreat. Next target is 55 week EMA (now at 1.3753). Sustained break there will argue that stronger rise is underway, even as a corrective move. EUR/CAD would then target 38.2% retracement of 1.5991 to 1.2867 at 1.4060.

     

    Start Trading
    Start Trading
    Start Trading
    Start Trading
    ActionForex
    ActionForex
    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

    Latest Analysis

    Load more

    Learn Forex Trading

    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

    Contact us: contact@actionforex.com

    © ActionForex.com © 2025 All rights reserved.