EURCAD London briefing — 2026-08-26

BIAS BULLISH. H4/H1 EMAs aligned bullish, D1 structure supports upside, RSI neutral (68) avoids overbought trap. KEY LEVELS R: 1.61826, 1.62, 1.625 | S: 1.615, 1.61, 1.59784 NEWS 🟡 ECB Cipollone speech Wed 10:10 UTC (medium impact EUR) SESSION OUTLOOK London opens near 1.6177. Watch Cipollone for hawkish/dovish EUR cues; test of 1.62 resistance likely if speech supports strength.

Key Levels

R: 1.61826 · 1.62000 · 1.62500

S: 1.61500 · 1.61000 · 1.59784