EURCAD London briefing — 2026-10-07

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downward; H4 and H1 fair value gaps confirm direction; RSI neutral supports continuation without reversal signal. KEY LEVELS R: 1.6, 1.605, 1.6141 | S: 1.595, 1.59496, 1.59 NEWS 🟡 ECB Vujčić speech (EUR) Wed 07:20 UTC 🟡 ECB Vujčić speech (EUR) Wed 17:30 UTC 🟡 ECB Lane speech (EUR) Thu 10:00 UTC SESSION OUTLOOK London open: watch 1.6 resistance hold. ECB commentary mid-session may trigger volatility; bias leans toward lower support tests if rhetoric remains hawkish on rates.

Key Levels

R: 1.60000 · 1.60500 · 1.61410

S: 1.59500 · 1.59496 · 1.59000