EURCAD London briefing — 2026-08-20

BIAS BULLISH. D1 structure uptrend intact; H1 EMA bullish supports higher-timeframe bias despite H4 neutral and RSI 61 (overbought caution). KEY LEVELS R: 1.615, 1.62, 1.62498 | S: 1.61, 1.605, 1.59784 NEWS 🟡 EUR Construction Output (MoM/YoY) 09:00 UTC 🟡 CAD Employment Insurance 12:30 UTC SESSION OUTLOOK Watch 1.615 resistance hold/break into London peak. Low-impact data reduces volatility; uptrend continuation favored on dips to 1.61.

Key Levels

R: 1.61500 · 1.62000 · 1.62498

S: 1.61000 · 1.60500 · 1.59784