EURCAD Asia briefing — 2026-05-06

BIAS BEARISH. D1 structure dominates hierarchy; H4 EMA confirms downside despite H1 neutrality and mid-range RSI. KEY LEVELS R: 1.595, 1.6, 1.62471 | S: 1.59052, 1.59, 1.585 NEWS 🟡 ECB Lane speech Wed 08:00 UTC 🟡 HCOB Composite PMI Wed 08:00 UTC 🟡 HCOB Services PMI Wed 08:00 UTC SESSION OUTLOOK Asia session likely subdued; watch for consolidation into European open when PMI and Lane speech trigger volatility. Support holds key—break below 1.59052 accelerates bearish momentum. PRO UNLOCKS [Unlock Pro for exact entries, stops, targets, FVG zones, liquidity sweeps, Fibonacci levels]

Key Levels

R: 1.59500 · 1.60000 · 1.62471

S: 1.59052 · 1.59000 · 1.58500