EURCAD London briefing — 2026-06-23

BIAS BULLISH. Daily structure supports upside; H1 bearish divergence conflicts but RSI neutral prevents conviction. Bias holds while 1.615 support intact. KEY LEVELS R: 1.62, 1.625, 1.62921 | S: 1.615, 1.61, 1.60287 NEWS 🔴 HCOB Composite PMI (EUR) – 08:00 UTC 🔴 HCOB Manufacturing PMI (EUR) – 08:00 UTC 🟡 ECB Escrivá speech – 08:00 UTC SESSION OUTLOOK PMI releases at London open set tone; watch EUR reaction for bullish confirmation. Break above 1.62 needed to extend rally; hold 1.615 to maintain bias. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps

Key Levels

R: 1.62000 · 1.62500 · 1.62921

S: 1.61500 · 1.61000 · 1.60287