EURCAD London briefing — 2026-09-15

BIAS BEARISH. H4 and H1 EMAs aligned downward; RSI neutral at 39.54 provides room to probe lower without oversold extremes. D1 structure remains neutral, so this is intraday momentum-driven. KEY LEVELS R: 1.605, 1.61, 1.61879 | S: 1.6, 1.59791, 1.595 NEWS 🟡 ZEW Economic Sentiment (EUR) – 09:00 UTC 🔴 EUR Trade Balance n.s.a. & s.a. – 09:00 UTC SESSION OUTLOOK Watch ZEW data for sentiment shifts; weak prints could accelerate the bearish structure. 1.6 support is critical—breaks here invite probes toward 1.595.

Key Levels

R: 1.60500 · 1.61000 · 1.61879

S: 1.60000 · 1.59791 · 1.59500