EURCAD London briefing — 2026-10-15

BIAS BEARISH. D1 + H4 EMA trend vote combined with H4 fair value gaps drive directional conviction despite neutral RSI and H1 bullish FVGs creating minor divergence. KEY LEVELS R: 1.6141, 1.6, 1.595 | S: 1.585, 1.58629, 1.59 NEWS 🟡 Industrial Production s.a. (EUR) Thu 09:00 UTC 🟡 Industrial Production w.d.a. (EUR) Thu 09:00 UTC 🟡 Manufacturing Sales (CAD) Thu 12:30 UTC SESSION OUTLOOK EU data drops at London open; watch CAD reaction at noon. H4 bearish structure offers downside bias into support clusters around 1.585–1.59.

Key Levels

R: 1.59500 · 1.60000 · 1.61410

S: 1.59000 · 1.58629 · 1.58500