EUR/CAD Technical Analysis: Support, Resistance & Pivot Today (Oct 28, 2026)
What drives the technical score
- Intraday view is bullish
- Price below the 20-day average
- Daily RSI 16, weak momentum
- Daily MACD below its signal line
- 5-day down 1.0%
- Daily view is bearish
- Price below the 50-day average
- 20-day average below the 50-day
- 20-day down 2.9%
- Daily MACD below zero
- Price below the 40-week average
- 10-week average below the 40-week
- Weekly MACD below its signal line
- Weekly RSI 30, weak momentum
- 6-month change -1.8%, little net move
The technical score combines several pieces of technical evidence, including moving-average position, momentum, recent performance, our level views and active chart patterns; more filled segments mean the evidence agrees more strongly. Support and resistance are the nearest levels from the intraday and short-term views. For reference only; not investment advice.
EUR/CAD: On the edge of pivot level
Our preference
Above 1.56189, look for a move towards 1.56695.
Alternative scenario
Below 1.56189, expect 1.56005 and 1.55896.
Comment
The price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory. RSI is at 35 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 1.56915 |
| Resistance 2 | 1.56805 |
| Resistance 1 | 1.56695 |
| Price | 1.56236 |
| Pivot | 1.56189 |
| Support 2 | 1.56005 |
| Support 3 | 1.55896 |
EUR/CAD: Target level as a potential turning point
Our preference
Below 1.58171, look for a move towards 1.54930.
Alternative scenario
Above 1.58171, expect 1.59454 and 1.60218.
Comment
Price is approaching our first target at 1.54930, which may trigger a pullback; a clear break below it would open the way to 1.54169. RSI is at 16 and MACD is below its signal line.
Full level ladder
| Resistance 3 | 1.60218 |
| Resistance 2 | 1.59454 |
| Pivot | 1.58171 |
| Price | 1.56236 |
| Support 1 | 1.54930 |
| Support 2 | 1.54169 |
| Support 3 | 1.53409 |
AI market story
Updated 2026-10-28 13:18 UTC+8EUR/CAD slide persists as daily RSI sits at 18
EUR/CAD trades at 1.56414, down 0.15% in a day, 1.0% in five days and 2.87% in twenty days, within a 1.56065 to 1.61384 range. Price sits below the 20-day average of 1.58585 and 50-day of 1.59944, with daily RSI at 18 and MACD below its signal line.
Price journey: up or down lately?
It is falling. The pair lost 0.15% in a day, 1.0% in five days and 2.87% in twenty days, and at 1.56414 it is close to the 20-day low of 1.56065, so the tone stays weak.
Trend: which way is the bigger picture pointing?
The bigger direction is lower. Price is under the 20-day average of 1.58585 and the 50-day of 1.59944, and the daily view is bearish with a pivot at 1.58171 and targets at 1.54930 then 1.54169.
Momentum: gaining or losing strength?
Momentum leans bearish with a short-term split. Daily RSI eased from 24 five days ago to 18, and MACD is below its signal line with the histogram widening for three days; the 30-minute view is bullish with a pivot at 1.56189.
Key levels: which prices matter next?
Watch 1.58171 above, the line that keeps the daily bearish view valid, with 1.59454 as the first level against it. Below, watch the 20-day low of 1.56065 and the lower band at 1.55981, then 1.54930 and 1.54169. Intraday, watch 1.56189 with 1.56695 and 1.56805.
BoC and ECB decisions line up with 145-point swings
The focus is Canada's policy rate on 10-28 at 21:45, expected at 2.25 versus 2.25 prior, then the ECB main refinancing rate on 10-29 at 21:15, expected at 2.65 versus 2.65 prior. Across 22 ECB releases, EUR/CAD moved 71.2 points on average and up to 145.4 points in four hours, about 1.3 times normal.
What is coming up on the calendar?
In order: Canada's policy rate on 10-28 at 21:45 with 2.25 expected, euro area October consumer confidence final on 10-29 at 18:00 with -17.9 prior, the ECB main refinancing, marginal lending and deposit facility rates on 10-29 at 21:15, and Canada's August GDP year-on-year and month-on-month on 10-30 at 20:30.
How much do these events usually move the price?
Canada's rate release averaged 54.0 points and up to 102.7 points in four hours across 21 cases, about 1.0 times normal. The ECB main rate averaged 71.2 points and up to 145.4 points across 22 cases, about 1.3 times. Canada's GDP averaged 64.1 points and up to 108.4 points across 33 cases, about 1.2 times.
This content was generated with the assistance of AI from the Borearis Research Team's market data and analysis. For reference only; not investment advice. How we produce this content
Volatility stop
EUR/CAD is below its daily short trailing stop. Short positions can reference 1.58203 (1.24% away); it only moves down. A daily close above 1.58203 signals the trend is strengthening.
Calculated from the 22-day high (low) minus (plus) 3 times the average true range on the daily chart, and it only moves in the trend's favour. A common trailing-stop method, for reference only; not investment advice.
Thick line = trailing stop (green uptrend, red downtrend); vertical line = latest trend change; last 90 daily bars
Technical picture
- Price is below the 20- and 50-day moving averages, a weak medium-term structure.
- Daily RSI is 16, oversold; rebounds are more likely after sharp drops.
- Daily MACD is below its signal line; daily momentum is down.
- Price is inside the daily Bollinger Bands (1.55941 to 1.61211).
Related economic events this week
| 10-27 17:00 | Eurozone Sep M3 Money Supply YoYAfter 34 past releases, EUR/CAD moved 36.0 pips on average in 4 hours · max 66.2 pips | 3.5 |
| 10-28 21:45 | Canada Central Bank Policy Rate HighAfter 21 past releases, EUR/CAD moved 54.0 pips on average in 4 hours · max 102.7 pips | 2.25 |
| 10-29 18:00 | Eurozone Final Consumer Confidence Index for OctoberAfter 68 past releases, EUR/CAD moved 44.4 pips on average in 4 hours · max 125.1 pips | — |
| 10-29 21:15 | Eurozone ECB Main Refinancing Rate HighAfter 22 past releases, EUR/CAD moved 71.2 pips on average in 4 hours (1.3× normal) · max 145.4 pips | 2.65 |
| 10-29 21:15 | Eurozone ECB Marginal Lending Rate HighAfter 22 past releases, EUR/CAD moved 71.2 pips on average in 4 hours (1.3× normal) · max 145.4 pips | 2.9 |
| 10-29 21:15 | Eurozone ECB Deposit Facility Rate HighAfter 22 past releases, EUR/CAD moved 71.2 pips on average in 4 hours (1.3× normal) · max 145.4 pips | 2.5 |
| 10-30 20:30 | Canada Aug GDP YoYAfter 33 past releases, EUR/CAD moved 64.1 pips on average in 4 hours (1.2× normal) · max 108.4 pips | — |
| 10-30 20:30 | Canada Aug GDP MoMAfter 33 past releases, EUR/CAD moved 64.1 pips on average in 4 hours (1.2× normal) · max 108.4 pips | 0.2 |
Times in UTC+8. Grey = forecast. Full economic calendar →
News and sentiment for EUR/CAD
None of the financial news we collected in the last 7 days mentioned EUR/CAD directly.
Trade signals for EUR/CAD
Short-term Signals 30-minute · held a few hours to a day
No recent short-term signals for EUR/CAD.
All short-term signals and results →
Swing Signals 1-hour and 4-hour · held a day to a week
No recent swing signals for EUR/CAD.
Chart patterns in play for EUR/CAD
No active 15-minute to 4-hour patterns for EUR/CAD right now.
FAQ
Where are EUR/CAD support and resistance levels today?
Intraday resistance: 1.56695, 1.56805, 1.56915. Support: 1.56189, 1.56005, 1.55896. Pivot: 1.56189 (updated Oct 28, 2026 15:09 UTC+8).
Is EUR/CAD bullish or bearish now?
Intraday: bullish. Short-term (daily): bearish. Bullish above 1.56189, targeting 1.56695 and then 1.56805.
How has EUR/CAD been trading lately?
EUR/CAD slide persists as daily RSI sits at 18. EUR/CAD trades at 1.56414, down 0.15% in a day, 1.0% in five days and 2.87% in twenty days, within a 1.56065 to 1.61384 range. Price sits below the 20-day average of 1.58585 and 50-day of 1.59944, with daily RSI at 18 and MACD below its signal line.
How do I read the EUR/CAD technical score?
Currently short-term bearish, medium-term bearish, long-term bearish. The technical score combines several pieces of technical evidence, such as moving-average position, momentum, recent performance, our level views and active chart patterns, into short-, intermediate- and long-term readings. More filled segments mean the evidence points the same way; neutral means bullish and bearish evidence are balanced.
Where should a stop loss go on EUR/CAD?
EUR/CAD is below its daily short trailing stop. Short positions can reference 1.58203 (1.24% away); it only moves down. A daily close above 1.58203 signals the trend is strengthening.
Which economic events matter for EUR/CAD next?
BoC and ECB decisions line up with 145-point swings. The focus is Canada's policy rate on 10-28 at 21:45, expected at 2.25 versus 2.25 prior, then the ECB main refinancing rate on 10-29 at 21:15, expected at 2.65 versus 2.65 prior. Across 22 ECB releases, EUR/CAD moved 71.2 points on average and up to 145.4 points in four hours, about 1.3 times normal.
What is the pivot?
The pivot is the line in the sand for the view. In a bullish view it sits below price; a close below it invalidates the view and a new set of levels is drawn. The reverse applies to a bearish view.
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