EURCAD London briefing — 2026-09-24

BIAS BEARISH. Trend vote (D1 + EMA H4 + EMA H1) and bearish H4/H1 fair value gaps drive direction; RSI neutral and no liquidity sweep detected. KEY LEVELS R: 1.61, 1.61191, 1.615 | S: 1.605, 1.6002, 1.6 NEWS 🟡 ECB Schnabel speech (EUR) 07:15 UTC 🟡 ECB Lane speech (EUR) 09:00 UTC 🟡 CAD Retail Sales (MoM) 12:30 UTC SESSION OUTLOOK ECB speakers dominate early London; watch for EUR volatility into retail sales. Bearish structure favors downside probes toward support cluster.

Key Levels

R: 1.61000 · 1.61191 · 1.61500

S: 1.60500 · 1.60020 · 1.60000