EURCAD London briefing — 2026-05-18

BIAS BEARISH — D1 structure dominates; H4 EMA bearish confirms despite H1 neutrality and RSI 39.79 mid-range. KEY LEVELS R: 1.6, 1.605, 1.61513 | S: 1.595, 1.59052, 1.59 NEWS 🟡 ECB Lane speech Tue 12:00 UTC [MEDIUM] 🔴 EUR Trade Balance (n.s.a./s.a.) Tue 09:00 UTC [LOW] SESSION OUTLOOK Lane speech may spark volatility. Watch rejection at 1.6 resistance; support holds favor for continuation lower. PRO UNLOCKS Entry 1.5975 | SL 1.6015 | TP1 1.5920 | TP2 1.5855 | FVG 1.596–1.598 |

Key Levels

R: 1.60000 · 1.60500 · 1.61513

S: 1.59500 · 1.59052 · 1.59000