EURCAD Asia briefing — 2026-10-26

BIAS BEARISH. D1 structure, H4 EMA, and H1 EMA combined with H4 fair value gaps drive downside; liquidity sweep of lows and H1 FVGs offer counterweight but trend vote dominates. KEY LEVELS R: 1.57, 1.575, 1.6141 | S: 1.565, 1.56471, 1.56 NEWS 🟡 ECB Elderson speech Mon 06:00 UTC | 🔴 ECB Bank Lending Survey + M3 Money Supply Tue 09:00 UTC SESSION OUTLOOK Asia hours likely quiet; watch for EUR reaction to Elderson comments. Support cluster 1.565–1.56 defines bear conviction.

Key Levels

R: 1.57000 · 1.57500 · 1.61410

S: 1.56500 · 1.56471 · 1.56000