EURCAD London briefing — 2026-05-11

BIAS BULLISH. D1 structure holds neutral but RSI at 54.41 and H4 EMA positioning favor upside continuation toward resistance. KEY LEVELS R: 1.61513, 1.615, 1.61 | S: 1.605, 1.6, 1.59052 NEWS 🟡 ZEW Economic Sentiment (EUR) – Tue 09:00 UTC 🟡 ECB Elderson speech (EUR) – Tue 10:40 UTC SESSION OUTLOOK London open may test 1.61 resistance ahead of Tuesday's sentiment data. Watch for breakout confirmation or rejection at 1.605 support. PRO UNLOCKS Entry: 1.60879 long targeting 1.61513 | SL: 1.605 | FVG zones & liquidity maps unlock with Pro subscription.

Key Levels

R: 1.61000 · 1.61500 · 1.61513

S: 1.60500 · 1.60000 · 1.59052