EURCAD Asia briefing — 2026-08-18

BIAS BEARISH. D1 structure bearish; H4 EMA confirms downside. H1 neutral divergence suggests caution on aggressive shorts—RSI mid-range offers no momentum conviction. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.6, 1.59784 NEWS 🟡 ZEW Economic Sentiment (EUR) 09:00 UTC 🟡 ECB Lane Speech (EUR) 11:45 UTC 🟡 Housing Starts YoY (CAD) 12:15 UTC SESSION OUTLOOK ZEW and Lane could trigger EUR volatility; watch 1.61 hold. CAD data low-impact. Early Asia likely subdued; conviction builds into EU open.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60000 · 1.59784