EURCAD London briefing — 2026-07-21

BIAS BEARISH — D1 structure bearish; H4 EMA confirms downside despite H1 neutral and RSI mid-range. KEY LEVELS R: 1.61, 1.615, 1.62735 | S: 1.605, 1.6, 1.59935 NEWS 🔴 ECB Bank Lending Survey 08:00 UTC 🟡 ZEW Economic Sentiment 09:00 UTC 🟡 ECB Nagel speech 11:30 UTC SESSION OUTLOOK ECB data releases could trigger volatility; watch for breaks below 1.605. Bearish structure favors downside continuation if support holds. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci targets — unlock with Pro subscription.

Key Levels

R: 1.61000 · 1.61500 · 1.62735

S: 1.60500 · 1.60000 · 1.59935