EURCAD London briefing — 2026-05-22

BIAS BEARISH. D1 structure dominates despite H1 bullish EMA; RSI neutral confirms no momentum conviction. KEY LEVELS R: 1.605, 1.61, 1.61513 | S: 1.6, 1.595, 1.59052 NEWS 🟡 Negotiated Wage Rates QoQ (EUR) 09:00 UTC 🟡 Employment Insurance Beneficiaries MoM (CAD) 12:30 UTC 🟡 Industrial Product Price MoM (CAD) 12:30 UTC SESSION OUTLOOK Light data headwinds favor downside continuation. Watch 1.6 support; breaks unlock acceleration toward 1.595. PRO UNLOCKS Entry 1.5985, SL 1.6055, TP1 1.595, TP2 1.59052, FVG 1.6

Key Levels

R: 1.60500 · 1.61000 · 1.61513

S: 1.60000 · 1.59500 · 1.59052