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    Technical analysis of EUR/CAD for May 28, 2015

    After the BoC's statement, the loonie is trading lower against the euro. Developments in Greece turned sentiments on the euro to positive. The cross managed to close above 50& 20Dsma at yesterday's session. At yesterday's session, we recommend buying above 1.3540 with targets at 1.3560, 1.3580, and 1.3600. The cross made a high at 1.3603. At today's Asian session, the cross managed to hold the 20Dsma trading at1.3592 compared to Wednesday's closing of 1.3576. Intraday support is found at 1.3565, 1.3560, and 1.3540. For an intraday session, we recommend fresh buying above 1.3605 with targets at 1.3640 and 1.3660. Bulls are likely to regaine control above 1.3675 towards 1.3700 and 1.3730.

     

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