EURCAD Asia briefing — 2026-10-05

BIAS BEARISH. D1 trend + H4 EMA + H4 fair value gaps + H1 fair value gaps align downward; RSI neutral does not override. KEY LEVELS R: 1.6141, 1.61, 1.605 | S: 1.595, 1.59797, 1.6 NEWS 🟡 ECB Nagel speech 07:45 UTC 🟡 ECB Lane speech 08:00 UTC 🟡 HCOB Composite PMI 08:00 UTC SESSION OUTLOOK Asia opens with EUR under pressure from bearish technicals. ECB commentary and PMI at London open may trigger volatility; watch for breakdown toward 1.595 support or trap reversals near resistance.

Key Levels

R: 1.60500 · 1.61000 · 1.61410

S: 1.60000 · 1.59797 · 1.59500