EURCAD Asia briefing — 2026-09-03

BIAS BEARISH — H4/H1 EMAs aligned downside, RSI neutral but price below mid-range, D1 structure offers no upside conviction. KEY LEVELS R: 1.605, 1.61, 1.61879 | S: 1.6, 1.59784, 1.595 NEWS 🟡 HCOB Composite PMI (EUR) — Thu 08:00 UTC 🟡 Producer Price Index MoM (EUR) — Thu 09:00 UTC SESSION OUTLOOK EUR weakness into PMI data favors bear continuation toward 1.6. Watch for pre-data consolidation; soft PMI could accelerate lower.

Key Levels

R: 1.60500 · 1.61000 · 1.61879

S: 1.60000 · 1.59784 · 1.59500