EURCAD London briefing — 2026-06-16

BIAS BULLISH. EMA H4/H1 aligned bullish, D1 structure bullish, but RSI 71 overbought signals pullback risk before continuation. KEY LEVELS R: 1.62446 | 1.625 | 1.63 | S: 1.62 | 1.615 | 1.60287 NEWS 🟡 Labor Cost Index (EUR) 09:00 UTC | 🟡 ZEW Economic Sentiment (EUR) 09:00 UTC | 🟡 ECB Escrivá Speech 10:55 UTC SESSION OUTLOOK Watch for overbought flush near 1.62 support before buyers defend. Escrivá speech may spark volatility; monitor for hold above 1.62. PRO UNLOCKS [Entry zones, SL placement, TP clusters, FVG liquidity, sweep levels — unlock with Pro]

Key Levels

R: 1.62446 · 1.62500 · 1.63000

S: 1.62000 · 1.61500 · 1.60287