EURCAD Asia briefing — 2026-07-23

BIAS BEARISH. Daily structure confirms downtrend despite H1 bullish EMA; RSI neutral at 53.6 offers no conflicting signal strength. KEY LEVELS R: 1.61, 1.615, 1.62722 | S: 1.605, 1.6, 1.59935 NEWS 🔴 ECB Main Refinancing Rate, Monetary Policy Statement, Deposit Facility Rate – Thu 23 Jul 12:15 UTC SESSION OUTLOOK ECB decisions dominate. Watch 1.61 resistance early; breaks above signal bulls challenging the bearish bias. Volatility likely post-announcement. PRO UNLOCKS Entry zones, SL placement, TP clusters, FVG targets, liquidity sweeps → unlock with Pro membership

Key Levels

R: 1.61000 · 1.61500 · 1.62722

S: 1.60500 · 1.60000 · 1.59935