EURCAD London briefing — 2026-07-16

BIAS BEARISH. D1 structure confirms downside; H4 EMA bearish despite H1 neutral and RSI mid-range offer no bullish override. KEY LEVELS R: 1.615, 1.62, 1.62735 | S: 1.61, 1.605, 1.60488 NEWS 🟡 EUR Trade Balance (n.s.a./s.a.) 09:00 UTC | 🟡 CAD Housing Starts YoY 12:15 UTC — both LOW impact. SESSION OUTLOOK Watch 1.61 support hold/break during EU data. CAD data mid-session may trigger short-term volatility but unlikely to reverse daily bias. PRO UNLOCKS Entry zones, SL placement, TP targets, FVG identification, liquidity sweeps — unlock with Pro.

Key Levels

R: 1.61500 · 1.62000 · 1.62735

S: 1.61000 · 1.60500 · 1.60488