EURCAD London briefing — 2026-05-12

BIAS BULLISH. D1 structure anchors upside bias despite neutral H4/H1; RSI 52.47 supports continuation potential. 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 🟡 Employment Change QoQ (EUR) – Wed 09:00 UTC SESSION OUTLOOK ZEW and Elderson speech may trigger volatility around 1.61 resistance. Watch for breakout acceleration into London close. PRO UNLOCKS Unlock Pro for precise entry clusters, SL placement, TP1/TP2 targets, FVG zones, liquidity sweeps, and

Key Levels

R: 1.61000 · 1.61500 · 1.61513

S: 1.60500 · 1.60000 · 1.59052