EURCAD London briefing — 2026-08-18

BIAS BEARISH — H1/H4 EMA alignment confirmed bearish; D1 structure supports downside; RSI neutral at 44.58 doesn't conflict with lower timeframe momentum. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.6, 1.59784 NEWS 🟡 ZEW Economic Sentiment (EUR) 09:00 UTC 🟡 ECB Lane Speech (EUR) 11:45 UTC 🟡 Housing Starts YoY (CAD) 12:15 UTC SESSION OUTLOOK ZEW and Lane speech carry volatility risk for EUR. Watch support holds at 1.605; break below opens 1.6 test during London cash session.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60000 · 1.59784