EURCAD London briefing — 2026-09-02

BIAS BULLISH — price holds above 1.61, RSI neutral at 55, but H1/H4 EMA divergence requires confirmation; BoC decision could trigger directional break. KEY LEVELS R: 1.61879, 1.62 | S: 1.61, 1.605, 1.59784 NEWS 🔴 BoC Interest Rate Decision — Wed 13:45 UTC 🔴 BoC Monetary Policy Statement — Wed 13:45 UTC 🟡 Labor Productivity QoQ (CAD) — Wed 12:30 UTC SESSION OUTLOOK Expect volatility spike into BoC at 13:45 UTC. Watch if CAD strength tests 1.615 resistance or if hawkish BoC surprise triggers EUR strength above 1.62.

Key Levels

R: 1.61500 · 1.61879 · 1.62000

S: 1.61000 · 1.60500 · 1.59784