EURCAD London briefing — 2026-05-15

BIAS BEARISH. H4 and H1 EMAs aligned downward; RSI neutral supports further downside from resistance. KEY LEVELS R: 1.605, 1.61, 1.61513 | S: 1.6, 1.595, 1.59052 NEWS 🟡 Economic Bulletin (EUR) 08:00 UTC 🟡 Housing Starts YoY (CAD) 12:15 UTC 🟡 Portfolio Investment (CAD) 12:30 UTC SESSION OUTLOOK Watch for EUR weakness post-bulletin. CAD data mid-session may trigger volatility; monitor support holds near 1.6. PRO UNLOCKS Entry 1.60029→1.603, SL 1.6085, TP1 1.595, TP2 1.5905, FVG 1.598-1.602, sweep 1.

Key Levels

R: 1.60500 · 1.61000 · 1.61513

S: 1.60000 · 1.59500 · 1.59052