EURCAD Asia briefing — 2026-10-23

BIAS NEUTRAL. Trend structure is bearish, but oversold RSI(26) combined with bullish liquidity sweep and conflicting H1 FVGs create offsetting forces. KEY LEVELS R: 1.575, 1.58, 1.6141 | S: 1.57, 1.56959, 1.565 NEWS 🔴 HCOB Composite PMI (EUR) — Fri 23 Oct 08:00 UTC 🔴 HCOB Manufacturing PMI (EUR) — Fri 23 Oct 08:00 UTC 🔴 HCOB Services PMI (EUR) — Fri 23 Oct 08:00 UTC SESSION OUTLOOK EUR data releases dominate. Watch for retest of 1.57 support or rally toward 1.575 resistance depending on PMI prints.

Key Levels

R: 1.57500 · 1.58000 · 1.61410

S: 1.57000 · 1.56959 · 1.56500