EURCAD London briefing — 2026-08-31

BIAS BEARISH. Daily structure weakens despite neutral H1/H4 EMAs; RSI at midpoint offers no resistance to downside continuation. KEY LEVELS R: 1.615, 1.61879, 1.62 | S: 1.61, 1.605, 1.59784 NEWS 🔴 Core CPI MoM/YoY (EUR) — Tue 09:00 UTC 🟡 HCOB Manufacturing PMI (EUR) — Tue 08:00 UTC SESSION OUTLOOK CPI data inbound post-London; watch 1.615 rejection for continuation lower toward 1.605. Soft PMI may accelerate EUR weakness.

Key Levels

R: 1.61500 · 1.61879 · 1.62000

S: 1.61000 · 1.60500 · 1.59784