EURCAD Asia briefing — 2026-07-24

BIAS BEARISH. H4/H1 EMAs aligned downtrend; RSI at 34.68 confirms weakness without oversold extremes. D1 neutral structure limits aggression. KEY LEVELS R: 1.605, 1.61, 1.62722 | S: 1.6, 1.59935, 1.595 NEWS 🔴 HCOB Composite PMI (EUR) — Fri 24 Jul, 08:00 UTC 🔴 HCOB Manufacturing PMI (EUR) — Fri 24 Jul, 08:00 UTC 🔴 HCOB Services PMI (EUR) — Fri 24 Jul, 08:00 UTC SESSION OUTLOOK Euro data arrives during Asia; weakness in PMI could extend bearish pressure toward 1.6 support. Watch for CAD reaction on risk sentiment shifts. PRO UNLOCKS

Key Levels

R: 1.60500 · 1.61000 · 1.62722

S: 1.60000 · 1.59935 · 1.59500