EURCAD London briefing — 2026-05-20

BIAS BEARISH — D1 structure confirmed by aligned H4/H1 bearish EMAs; RSI neutral supports downside absence of bullish rejection. KEY LEVELS R: 1.6, 1.605, 1.61513 | S: 1.595, 1.59052, 1.59 NEWS 🟡 Core HICP MoM/YoY (EUR) — 09:00 UTC 🟡 Harmonized CPI MoM (EUR) — 09:00 UTC SESSION OUTLOOK EU inflation data at London open may spark volatility. Watch rejection at 1.6 resistance; support holds at 1.595. PRO UNLOCKS Entry 1.5975 | SL 1.6045 | TP1 1.59052 | TP2 1.59 | FVG 1.5980–1.5988

Key Levels

R: 1.60000 · 1.60500 · 1.61513

S: 1.59500 · 1.59052 · 1.59000