EURCAD Asia briefing — 2026-10-16

BIAS BEARISH. D1 structure, H4 EMA, H1 EMA alignment, and H4 fair value gaps drive downside pressure despite neutral RSI. KEY LEVELS R: 1.6141, 1.6, 1.595 | S: 1.585, 1.58629, 1.59 NEWS 🔴 BoC Macklem speech (Fri 04:15 UTC) 🟡 ECB Nagel speech (Fri 02:30 UTC) 🟡 EUR Core CPI MoM (Fri 09:00 UTC) SESSION OUTLOOK Watch Nagel and Macklem commentary for rate guidance signals. H1 bullish FVG may attract short-term pullbacks before continuation lower.

Key Levels

R: 1.59500 · 1.60000 · 1.61410

S: 1.59000 · 1.58629 · 1.58500