EURCAD London briefing — 2026-06-19

BIAS BULLISH. Daily structure bullish; RSI neutral (44) avoids overbought; H4/H1 EMAs divergent but price holding above support confirms upside intent. KEY LEVELS R: 1.62, 1.625, 1.62921 | S: 1.615, 1.61, 1.60287 NEWS 🟡 ECB Cipollone speech (Fri 10:15 UTC) 🟡 ECB Elderson speech (Fri 10:30 UTC) 🟡 CAD Retail Sales (Fri 12:30 UTC) SESSION OUTLOOK London open likely volatile around ECB speeches; watch EUR reaction for direction. CAD retail data post-lunch could trigger secondary move; hold above 1.615 for bullish structure integrity. PRO UNLOCKS Entry targets, SL, TP1/TP2, FVG zones

Key Levels

R: 1.62000 · 1.62500 · 1.62921

S: 1.61500 · 1.61000 · 1.60287