EURCAD Asia briefing — 2026-10-19

BIAS BEARISH. D1 + H4 + H1 EMAs aligned down; H4 and H1 fair value gaps confirm downside; RSI neutral removes overbought rejection risk. KEY LEVELS R: 1.595, 1.6141 | S: 1.585, 1.58, 1.5785 NEWS 🟡 ECB Sleijpen (01:20 UTC) 🟡 ECB Lane (01:30 UTC) 🟡 ECB Elderson (06:00 UTC) SESSION OUTLOOK Three ECB speakers risk sharp EUR moves early Asia. Watch 1.59 resistance; break below 1.585 accelerates downside into support cluster.

Key Levels

R: 1.59000 · 1.59500 · 1.61410

S: 1.58500 · 1.58000 · 1.57850