EURCAD London briefing — 2026-08-07

BIAS BULLISH. Daily structure bullish; H4/H1 EMAs neutral but RSI 42 (mid-range) supports upside continuation from 1.61572 without overbought resistance. KEY LEVELS R: 1.62, 1.62498, 1.625 | S: 1.615, 1.61, 1.59935 NEWS 🔴 Net Change in Employment (CAD) — Fri 12:30 UTC 🟡 Average Hourly Wages YoY (CAD) — Fri 12:30 UTC 🟡 Participation Rate (CAD) — Fri 12:30 UTC SESSION OUTLOOK CAD jobs data (HIGH impact) at London noon drives volatility. Watch 1.62 resistance; strong employment may weaken EUR/CAD, testing support structure.

Key Levels

R: 1.62000 · 1.62498 · 1.62500

S: 1.61500 · 1.61000 · 1.59935