EURCAD London briefing — 2026-10-02

BIAS BEARISH. H4 and H1 EMAs aligned downward; H4/H1 fair value gaps confirm trend; liquidity sweep of lows provides reversal context despite bullish D1 structure. KEY LEVELS R: 1.605, 1.61, 1.6141 | S: 1.6, 1.59797, 1.595 NEWS 🔴 Core HICPMoM/YoY (EUR) 09:00 UTC 🟡 Cipollone speech (ECB) 07:30 UTC SESSION OUTLOOK London open into ECB data. Watch for volatility around 09:00 UTC; bearish bias targets lower support if HICPconfirms softer inflation.

Key Levels

R: 1.60500 · 1.61000 · 1.61410

S: 1.60000 · 1.59797 · 1.59500