EURCAD London briefing — 2026-07-23

BIAS BEARISH. D1 structure bearish; H4 EMA confirms downside, though H1 neutral and RSI 52.6 show divergence—expect consolidation before continuation. KEY LEVELS R: 1.61, 1.615, 1.62722 | S: 1.605, 1.6, 1.59935 NEWS 🔴 ECB Main Refinancing Rate, Monetary Policy Statement, Deposit Facility Rate — 23 Jul 12:15 UTC SESSION OUTLOOK ECB decisions dominate. Watch for EUR weakness on hawkish surprise or strength on dovish pivot. Price may spike through resistance or hold support near 1.605. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci levels—unlock with Pro

Key Levels

R: 1.61000 · 1.61500 · 1.62722

S: 1.60500 · 1.60000 · 1.59935