EURCAD Asia briefing — 2026-07-16

BIAS BEARISH — D1 structure confirms downtrend; H4 EMA bearish supports it; RSI neutral avoids overextension signal. KEY LEVELS R: 1.61, 1.615, 1.62735 | S: 1.605, 1.60488, 1.6 NEWS 🟡 EUR Trade Balance (n.s.a./s.a.) — 09:00 UTC 🟡 CAD Housing Starts YoY — 12:15 UTC SESSION OUTLOOK Low-impact data unlikely to shift momentum. Watch 1.605 hold; break below opens 1.6 test. H1 neutrality keeps intraday chop probable. PRO UNLOCKS [Exact scalp entries, micro-SL zones, FVG liquidity targets, Fibonacci extensions — Pro members unlock]

Key Levels

R: 1.61000 · 1.61500 · 1.62735

S: 1.60500 · 1.60488 · 1.60000