EURCAD Asia briefing — 2026-09-16

BIAS BEARISH. H4 EMA bearish, RSI neutral at 49.62, D1 structure neutral—downside pressure intact despite mixed intraday signals. KEY LEVELS R: 1.61, 1.615, 1.61632 | S: 1.605, 1.6, 1.59791 NEWS 🟡 Industrial Production s.a. (MoM) Wed 09:00 UTC | 🟡 Labor Cost Index Wed 09:00 UTC SESSION OUTLOOK EU data drops mid-session. Watch 1.605 support; break confirms bearish continuation. Divergence between H4 and H1 requires caution near resistance.

Key Levels

R: 1.61000 · 1.61500 · 1.61632

S: 1.60500 · 1.60000 · 1.59791