EURCAD London briefing — 2026-08-19

BIAS BULLISH — D1 structure bullish, H1 EMA bullish; RSI neutral (61.75) prevents overextension risk. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.6, 1.59784 NEWS 🟡 Core Harmonized Index of Consumer Prices MoM (EUR) — 09:00 UTC | 🔴 Current Account n.s.a & s.a (EUR) — 08:00 UTC SESSION OUTLOOK Watch Core CPI reaction at 09:00; soft data risks pullback to 1.605. Bullish bias holds above support if inflation data disappoints EUR.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60000 · 1.59784