EURCAD Asia briefing — 2026-11-03

BIAS BEARISH. D1 structure, H4 EMA, combined trend vote, liquidity sweep of highs, and H4 fair-value gaps align downward despite H1 FVG bullish divergence. KEY LEVELS R: 1.565, 1.57, 1.60237 | S: 1.56, 1.55536, 1.555 NEWS 🔴 BoC Governor Macklem speech (CAD) Tue 16:00 UTC 🟡 ECB Nagel speech (EUR) Tue 18:00 UTC 🟡 ECB Sleijpen speech (EUR) Tue 18:15 UTC SESSION OUTLOOK Macklem speech risks CAD volatility; monitor 1.56 support hold. ECB speakers follow—watch for EUR weakness confirmation into Asia close.

Key Levels

R: 1.56500 · 1.57000 · 1.60237

S: 1.56000 · 1.55536 · 1.55500