EURCAD Asia briefing — 2026-05-12

BIAS BULLISH — H1 EMA bullish structure overrides neutral D1; RSI neutral supports continuation rather than reversal. KEY LEVELS R: 1.62, 1.61513, 1.615 | S: 1.61, 1.605, 1.59052 NEWS 🟡 ZEW Survey – Economic Sentiment (EUR) Tue 09:00 UTC 🟡 ECB's Elderson speech (EUR) Tue 10:40 UTC 🟡 Employment Change QoQ (EUR) Wed 09:00 UTC SESSION OUTLOOK Watch ZEW data for EUR momentum confirmation. Elderson speech follows—sentiment shifts may test 1.615 resistance early. Hold 1.61 support for bias validity. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci targets — unlock

Key Levels

R: 1.61500 · 1.61513 · 1.62000

S: 1.61000 · 1.60500 · 1.59052