EURCAD London briefing — 2026-10-09

BIAS BEARISH. D1 + H4 + H1 EMA alignment, H4 and H1 fair-value gaps, and bearish daily structure drive direction. KEY LEVELS R: 1.6141, 1.605, 1.6 | S: 1.59075, 1.595, 1.59 NEWS 🟡 ECB Cipollone speech (EUR) – 10:15 UTC 🟡 CAD Wages & Employment – 12:30 UTC SESSION OUTLOOK London opens into ECB event risk; watch for EUR volatility. CAD data follows; support holds critical.

Key Levels

R: 1.60000 · 1.60500 · 1.61410

S: 1.59500 · 1.59075 · 1.59000