EURCAD Asia briefing — 2026-08-06

BIAS BULLISH. D1 structure bullish; H4 EMA supports upside. H1 neutral and RSI 52 create intraday caution—uptrend intact but near-term momentum soft. KEY LEVELS R: 1.62, 1.62498, 1.625 | S: 1.615, 1.61, 1.59935 NEWS 🟡 Economic Bulletin (EUR) Thu 08:00 UTC 🔴 Retail Sales YoY (EUR) Thu 09:00 UTC 🟡 Retail Sales MoM (EUR) Thu 09:00 UTC SESSION OUTLOOK Strong EUR data could accelerate buy-side liquidity toward 1.625. Watch for consolidation around 1.62 ahead of releases; volatility expected post-09:00 UTC.

Key Levels

R: 1.62000 · 1.62498 · 1.62500

S: 1.61500 · 1.61000 · 1.59935