EURCAD London briefing — 2026-07-28

BIAS BEARISH. H4 EMA bearish while H1 neutral creates downside lean; RSI at 49 lacks conviction but D1 structure neutral prevents reversal signal. KEY LEVELS R: 1.605, 1.61, 1.62258 | S: 1.6, 1.59935, 1.595 NEWS 🟡 BoC Summary of Deliberations (CAD) – Wed 29 Jul, 17:30 UTC SESSION OUTLOOK London early tape tests 1.605 resistance. BoC event tomorrow adds caution; watch for consolidation before directional break toward support if bearish momentum holds. PRO UNLOCKS Entry 1.6047, SL 1.6125, TP1 1.6000, TP2 1.595, FVG 1.6008–1.5991, liquidity sweep 1.61.

Key Levels

R: 1.60500 · 1.61000 · 1.62258

S: 1.60000 · 1.59935 · 1.59500