EURCAD London briefing — 2026-08-14

BIAS BEARISH. Daily structure bearish; H1 EMA confirms downside, though H4 neutral and RSI (31) shows oversold conditions—divergence noted but lower timeframe alignment favors sellers. KEY LEVELS R: 1.605, 1.61, 1.62498 | S: 1.60113, 1.6, 1.595 NEWS 🟡 EUR Trade Balance n.s.a. & s.a. (09:00 UTC) 🟡 EUR Employment Change QoQ (10:00 UTC) SESSION OUTLOOK Watch for reaction to employment data at 10:00 UTC. Oversold RSI may attract buyers, but daily bearish structure keeps downside weighted.

Key Levels

R: 1.60500 · 1.61000 · 1.62498

S: 1.60113 · 1.60000 · 1.59500