EURCAD London briefing — 2026-05-19

BIAS BEARISH — D1 structure confirmed by aligned H4/H1 EMAs; RSI neutral supports downside continuation. KEY LEVELS R: 1.600, 1.605, 1.61513 | S: 1.595, 1.59052, 1.59 NEWS 🟡 Trade Balance n.s.a./s.a. (EUR) 09:00 UTC 🟡 ECB Lane speech 12:00 UTC SESSION OUTLOOK Watch London open reaction to Trade Balance data. Lane speech may inject volatility; monitor 1.600 resistance for rejection confirmation into support targets. PRO UNLOCKS [Entry 1.5982, SL 1.6015, TP1 1.595, TP2 1.5905 | FVG 1.5998–1.6008 | Liquidity sweep 1.605 — unlock Pro]

Key Levels

R: 1.60000 · 1.60500 · 1.61513

S: 1.59500 · 1.59052 · 1.59000