EURCAD London briefing — 2026-09-10

BIAS BEARISH. Daily structure bearish; H1/H4 EMAs neutral creates hesitation, but RSI at 60.52 (neutral zone) hasn't confirmed reversal yet—downside bias holds if support breaks. KEY LEVELS R: 1.61, 1.615, 1.61879 | S: 1.605, 1.6, 1.59791 NEWS 🔴 ECB Main Refinancing Operations Rate (EUR) — Thu 12:15 UTC 🔴 ECB Monetary Policy Statement (EUR) — Thu 12:15 UTC 🔴 ECB Rate On Deposit Facility (EUR) — Thu 12:15 UTC SESSION OUTLOOK ECB decision risk dominates. Potential EUR strength could challenge bearish setup; watch 1.61 rejection or break below 1.605 for confirmation.

Key Levels

R: 1.61000 · 1.61500 · 1.61879

S: 1.60500 · 1.60000 · 1.59791