EURCAD London briefing — 2026-05-14

BIAS BEARISH. D1 structure confirmed by aligned H4/H1 EMAs; RSI neutral supports downside without overbought resistance. KEY LEVELS R: 1.61513, 1.615, 1.61 | S: 1.60500, 1.60, 1.59052 NEWS 🔴 ECB Lagarde Speech (EUR) Thu 09:15 UTC | 🟡 Wholesale Sales MoM (CAD) Thu 12:30 UTC SESSION OUTLOOK Lagarde speech could trigger volatility early. Watch rejection at 1.61 resistance; closes near support confirm bearish continuation into Friday. PRO UNLOCKS [Entry 1.6080 | SL 1.6165 | TP1 1.6015 | TP2 1.5920 | FVG 1.6120–1.6145 | London NYSE

Key Levels

R: 1.61000 · 1.61500 · 1.61513

S: 1.60500 · 1.60000 · 1.59052