EURCAD London briefing — 2026-09-01

BIAS BEARISH. H4/H1 EMAs aligned downward, D1 structure bearish, RSI neutral avoids overbought extremes—sellers have technical control. KEY LEVELS R: 1.61, 1.615, 1.61879 | S: 1.605, 1.6, 1.59784 NEWS 🔴 Core CPI MoM/YoY (EUR) 09:00 UTC 🟡 HCOB Manufacturing PMI (EUR) 08:00 UTC SESSION OUTLOOK London opens into high-impact inflation data. Watch CPI reaction for EUR strength/weakness confirmation; support holds matter if sellers lose momentum.

Key Levels

R: 1.61000 · 1.61500 · 1.61879

S: 1.60500 · 1.60000 · 1.59784