EURCAD London briefing — 2026-07-24

BIAS BEARISH — H4 and H1 EMAs aligned downward; RSI neutral at 41.44 supports room to fall; D1 structure offers no counterweight. KEY LEVELS R: 1.605, 1.61, 1.62722 | S: 1.6, 1.59935, 1.595 NEWS 🔴 HCOB Composite PMI (EUR) — 08:00 UTC 🔴 HCOB Manufacturing PMI (EUR) — 08:00 UTC 🔴 HCOB Services PMI (EUR) — 08:00 UTC SESSION OUTLOOK London opens with three high-impact EUR PMIs. Weak data risks accelerate bearish pressure toward 1.6 support; strong data could trigger retest of resistance and shift bias. PRO UNLOCKS Entry, SL, TP1, TP2, FV

Key Levels

R: 1.60500 · 1.61000 · 1.62722

S: 1.60000 · 1.59935 · 1.59500