EURCAD Asia briefing — 2026-09-09

BIAS BEARISH. H4/H1 EMAs aligned downside; D1 structure confirms lower trajectory. RSI at 34 shows room to extend lower without oversold extremes. KEY LEVELS R: 1.605, 1.61, 1.61879 | S: 1.6, 1.59791, 1.595 NEWS 🔴 Lagarde speech Wed 17:00 UTC 🔴 ECB Rate Decision Thu 12:15 UTC 🔴 ECB Policy Statement Thu 12:15 UTC SESSION OUTLOOK Asia session likely range-bound ahead of ECB events. Watch 1.6 support hold; break below sets 1.59791 in scope. EUR volatility expected Wed/Thu morning.

Key Levels

R: 1.60500 · 1.61000 · 1.61879

S: 1.60000 · 1.59791 · 1.59500