EURCAD London briefing — 2026-09-03

BIAS BEARISH. H4 and H1 EMAs aligned downtrend; RSI(14) at 36 confirms weak momentum without oversold extremes; D1 neutral keeps risk contained. KEY LEVELS R: 1.605, 1.61, 1.61879 | S: 1.6, 1.59784, 1.595 NEWS 🟡 HCOB Composite PMI (EUR) Thu 08:00 UTC 🟡 Producer Price Index MoM (EUR) Thu 09:00 UTC 🟡 HCOB Services PMI (EUR) Thu 08:00 UTC SESSION OUTLOOK London opens into Eurozone data release window. Watch for PMI miss/beat to trigger volatility near 1.605 resistance or accelerate toward 1.6 support.

Key Levels

R: 1.60500 · 1.61000 · 1.61879

S: 1.60000 · 1.59784 · 1.59500