EURCAD Asia briefing — 2026-08-21

BIAS BULLISH. D1 structure bullish, H1 EMA bullish; RSI neutral (57.47) keeps upside capped but doesn't contradict. KEY LEVELS R: 1.615, 1.62, 1.62498 | S: 1.61, 1.605, 1.59784 NEWS 🔴 HCOB Composite PMI (EUR) Fri 08:00 UTC 🔴 HCOB Manufacturing PMI (EUR) Fri 08:00 UTC 🔴 HCOB Services PMI (EUR) Fri 08:00 UTC SESSION OUTLOOK Asia session likely quiet before EU PMI trifecta at 08:00 UTC. Weak data could spark EUR sell-off and break 1.61 support; strong data triggers 1.615 retest.

Key Levels

R: 1.61500 · 1.62000 · 1.62498

S: 1.61000 · 1.60500 · 1.59784