EURCAD London briefing — 2026-08-04

BIAS BULLISH. H4/H1 EMAs aligned bullish, D1 structure higher, RSI neutral at 59.82 supports continuation. KEY LEVELS R: 1.62, 1.62073, 1.625 | S: 1.615, 1.61, 1.59935 NEWS 🟡 CAD Exports, Imports, Trade Balance — 12:30 UTC (Low impact) SESSION OUTLOOK London opens near resistance. CAD data low-impact; watch for consolidation or breakout above 1.62. EMA alignment offers upside bias if holds support.

Key Levels

R: 1.62000 · 1.62073 · 1.62500

S: 1.61500 · 1.61000 · 1.59935