EURCAD London briefing — 2026-07-15

BIAS BEARISH — EMA H4/H1 aligned downtrend, D1 structure confirmed bearish, RSI neutral (30.49) supports continuation without overbought rejection risk. KEY LEVELS R: 1.61, 1.615, 1.62735 | S: 1.60504, 1.605, 1.6 NEWS 🟡 ECB Panetta speech Wed 08:40 UTC 🟡 EU Industrial Production (s.a. MoM) Wed 09:00 UTC 🟡 EU Industrial Production (w.d.a. YoY) Wed 09:00 UTC SESSION OUTLOOK London open may see EUR volatility from Panetta's remarks. Watch early session momentum into production data for confirmation of downside thesis or rejection at 1.61. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones

Key Levels

R: 1.61000 · 1.61500 · 1.62735

S: 1.60504 · 1.60500 · 1.60000