EURCAD London briefing — 2026-09-08

BIAS BEARISH. H4 and H1 EMAs aligned downside; RSI neutral at 33 avoids oversold extremes, leaving room for continuation. KEY LEVELS R: 1.605, 1.61, 1.61879 | S: 1.6, 1.59791, 1.595 NEWS 🟡 ECB Elderson speech – Tue 15:00 UTC 🔴 ECB Lagarde speech – Wed 17:00 UTC SESSION OUTLOOK London opens with bearish structure intact. Elderson commentary may spark EUR volatility; watch reaction at 1.605 resistance for confirmation of sell pressure.

Key Levels

R: 1.60500 · 1.61000 · 1.61879

S: 1.60000 · 1.59791 · 1.59500