EURCAD Asia briefing — 2026-07-20

BIAS BEARISH. H4/H1 EMAs aligned downtrend; D1 structure confirms lower. RSI neutral at 34.61 but price below key moving averages signals continuation risk. KEY LEVELS R: 1.605, 1.61, 1.62735 | S: 1.6, 1.59935, 1.595 NEWS 🟡 EUR Construction Output (MoM/YoY) 09:00 UTC | 🟡 CAD CPI Core 12:30 UTC SESSION OUTLOOK Watch construction data for EUR weakness confirmation. BoC CPI later may pressure CAD; watch 1.6 support hold through Asia. PRO UNLOCKS Entry/SL/TP clusters, FVG sweeps, liquidity zones — unlock Pro.

Key Levels

R: 1.60500 · 1.61000 · 1.62735

S: 1.60000 · 1.59935 · 1.59500