EURCAD London briefing — 2026-09-16

BIAS BULLISH. H1 EMA bullish despite H4 neutral and RSI mid-range; D1 neutral structure allows upside continuation from current price. KEY LEVELS R: 1.61, 1.615, 1.61632 | S: 1.605, 1.6, 1.59791 NEWS 🟡 Industrial Production s.a. (MoM) — Wed 09:00 UTC 🟡 Industrial Production w.d.a. (YoY) — Wed 09:00 UTC 🟡 Labor Cost Index — Wed 09:00 UTC SESSION OUTLOOK EU data at London open may trigger volatility around 1.61. Watch price reaction; H1 momentum can sustain above resistance if data supports EUR strength.

Key Levels

R: 1.61000 · 1.61500 · 1.61632

S: 1.60500 · 1.60000 · 1.59791