EURCAD London briefing — 2026-08-11

BIAS BEARISH. D1 structure bearish; H1 EMA confirms downside; RSI neutral at 32.98 leaves room to probe lower without oversold extremes. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.60063, 1.6 NEWS Building Permits MoM (CAD) Wed 12 Aug 12:30 UTC 🟡 SESSION OUTLOOK London session likely consolidates above 1.605 support. Watch for Canada data reaction tomorrow; shorts target first support zone.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60063 · 1.60000