EURCAD London briefing — 2026-10-06

BIAS BEARISH. D1 + H4 + H1 trend alignment combined with H4 fair value gap structure outweighs neutral RSI and H1 bullish FVG. KEY LEVELS R: 1.605, 1.61, 1.6141 | S: 1.6, 1.595, 1.59496 NEWS 🔴 EUR Retail Sales (YoY) Tue 09:00 UTC 🟡 EUR Retail Sales (MoM) Tue 09:00 UTC 🟡 CAD Exports Tue 12:30 UTC SESSION OUTLOOK London opens into EUR data risk. Watch for breakdown below 1.6 structure; H4 FVG targets lower levels if momentum sustains post-release.

Key Levels

R: 1.60500 · 1.61000 · 1.61410

S: 1.60000 · 1.59500 · 1.59496