EURCAD London briefing — 2026-10-12

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downward; H4 and H1 fair value gaps both bearish; D1 structure confirms. KEY LEVELS R: 1.6, 1.605, 1.6141 | S: 1.595, 1.59075, 1.59 NEWS 🟡 ECB Vujčić speech — Mon 12 Oct 10:00 UTC 🟡 ECB Elderson speech — Tue 13 Oct 07:15 UTC 🟡 ECB Escrivá speech — Tue 13 Oct 08:05 UTC SESSION OUTLOOK Watch for London open reaction near 1.6 resistance. ECB speakers this session and tomorrow may weigh on EUR; watch for breaks below 1.595 support.

Key Levels

R: 1.60000 · 1.60500 · 1.61410

S: 1.59500 · 1.59075 · 1.59000