EURCAD London briefing — 2026-10-16

BIAS BEARISH. D1 structure, H4 EMA, and H4 fair-value gaps align downside; RSI neutral supports continuation rather than reversal. KEY LEVELS R: 1.595, 1.6, 1.6141 | S: 1.59, 1.58629, 1.585 NEWS 🟡 Core HICP (MoM/YoY) + HICP (MoM) — EUR, 09:00 UTC SESSION OUTLOOK London open tests 1.595 resistance. Watch for CPI miss weakness below 1.59 support to activate downside liquidity.

Key Levels

R: 1.59500 · 1.60000 · 1.61410

S: 1.59000 · 1.58629 · 1.58500