EURCAD Asia briefing — 2026-05-11

BIAS BEARISH. D1 neutral structure; H4/H1 divergence with RSI overbought (62.13) signals downside exhaustion. KEY LEVELS R: 1.615, 1.61513, 1.62 | S: 1.61, 1.605, 1.59052 NEWS 🟡 ZEW Economic Sentiment (EUR) – Tue 12 May 09:00 UTC 🟡 ECB Elderson Speech – Tue 12 May 10:40 UTC SESSION OUTLOOK Asia session consolidation expected; watch 1.61 support. EUR events overnight may trigger volatility into London open. PRO UNLOCKS Entry zones, SL placement, TP clusters, FVG sweeps, Fibonacci ratios, liquidity pools — unlock Pro plan.

Key Levels

R: 1.61500 · 1.61513 · 1.62000

S: 1.61000 · 1.60500 · 1.59052