EURCAD London briefing — 2026-08-17

BIAS BEARISH. Daily structure confirms downtrend; H4/H1 EMAs neutral but RSI 63 shows overbought exhaustion without fresh upside confirmation. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.6, 1.59784 NEWS 🟡 ECB Lane speech (EUR) Mon 09:30 UTC 🔴 BoC CPI Core YoY (CAD) Mon 12:30 UTC SESSION OUTLOOK Lane remarks could stabilize EUR; BoC CPI release at London close drives volatility. Watch 1.61 rejection into support.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60000 · 1.59784