EURCAD Asia briefing — 2026-11-05

BIAS BULLISH. D1 trend + H4 EMA + H1 EMA alignment combined with bullish H4 and H1 fair value gaps drive directional conviction. KEY LEVELS R: 1.57, 1.575, 1.60237 | S: 1.565, 1.56, 1.55536 NEWS 🟡 ECB Cipollone speech (07:30 UTC) 🟡 ECB Schnabel speech (08:05 UTC) 🟡 EUR PPI MoM (10:00 UTC) SESSION OUTLOOK Asia session opens with ECB rhetoric risk. Watch 1.565 support hold through speeches; breach targets 1.56 while 1.57 caps upside into data.

Key Levels

R: 1.57000 · 1.57500 · 1.60237

S: 1.56500 · 1.56000 · 1.55536