EURCAD Asia briefing — 2026-05-20

BIAS BEARISH — D1 structure confirmed by aligned H4/H1 EMAs; RSI neutral supports downside continuation. KEY LEVELS R: 1.6, 1.605, 1.61513 | S: 1.595, 1.59052, 1.59 NEWS 🟡 Core CPI MoM (EUR) — 09:00 UTC 🟡 Core CPI YoY (EUR) — 09:00 UTC 🟡 CPI MoM (EUR) — 09:00 UTC SESSION OUTLOOK EU inflation data arrives early session; soft prints could extend bearish pressure toward 1.595. Watch 1.6 resistance rejection for confirmation. PRO UNLOCKS Entry 1.59750, SL 1.60150, TP1 1.59052, TP2 1.585, FVG 1.5925–

Key Levels

R: 1.60000 · 1.60500 · 1.61513

S: 1.59500 · 1.59052 · 1.59000