EURCAD London briefing — 2026-08-28

BIAS BULLISH — D1 structure uptrend with H4 EMA bullish; H1 neutral and RSI 44 prevent strong conviction, but daily bias intact. KEY LEVELS R: 1.61879, 1.615, 1.62 | S: 1.61, 1.605, 1.59784 NEWS 🟡 Business Climate (EUR) 09:00 UTC 🟡 Consumer Confidence (EUR) 09:00 UTC 🟡 Economic Sentiment Indicator (EUR) 09:00 UTC SESSION OUTLOOK Three medium EUR prints at London open may trigger volatility; watch price reaction at 1.615 resistance. H1 neutrality requires confirmation before committing upside.

Key Levels

R: 1.61500 · 1.61879 · 1.62000

S: 1.61000 · 1.60500 · 1.59784