EURCAD London briefing — 2026-08-25

BIAS BULLISH with caution—H4/H1 EMAs aligned bullish, D1 structure supports, but RSI 73.42 signals overbought conditions. Risk of pullback to support before continuation. KEY LEVELS R: 1.61945, 1.62, 1.625 | S: 1.615, 1.61, 1.59784 NEWS 🟡 ECB Cipollone speech Wed 26 Aug 10:10 UTC (medium impact EUR driver) SESSION OUTLOOK London may consolidate near resistance 1.61945 ahead of ECB event. Watch for overbought flush toward 1.615 support—potential reversal setup.

Key Levels

R: 1.61945 · 1.62000 · 1.62500

S: 1.61500 · 1.61000 · 1.59784