EURCAD London briefing — 2026-10-08

BIAS BEARISH. D1 + H4 + H1 EMA alignment and H4 fair value gaps drive downside bias despite neutral RSI. KEY LEVELS R: 1.6141, 1.605, 1.6 | S: 1.59075, 1.595, 1.59 NEWS 🔴 ECB Monetary Policy Meeting Accounts — Thu 08 Oct 11:30 UTC 🟡 ECB Lane speech — Thu 08 Oct 10:00 UTC SESSION OUTLOOK ECB accounts release likely to trigger volatility. Watch support hold near 1.595 for continuation lower.

Key Levels

R: 1.60000 · 1.60500 · 1.61410

S: 1.59500 · 1.59075 · 1.59000