EURCAD Asia briefing — 2026-07-31

BIAS NEUTRAL. RSI at 70 signals overbought despite bullish D1 structure; H4 neutral vs. H1 bullish creates conflicting momentum signals. Caution warranted ahead of high-impact EUR data. KEY LEVELS R: 1.61845, 1.62 | S: 1.61, 1.605, 1.59935 NEWS 🔴 Core CPI MoM/YoY (EUR) — 09:00 UTC 🔴 Harmonized CPI MoM (EUR) — 09:00 UTC SESSION OUTLOOK EUR inflation prints dominate Asia. Expect volatility around 09:00; overbought conditions may invite pullbacks toward 1.61 support if data disappoints.

Key Levels

R: 1.61500 · 1.61845 · 1.62000

S: 1.61000 · 1.60500 · 1.59935