EURCAD London briefing — 2026-10-19

BIAS BEARISH. D1+H4+H1 EMA alignment, RSI deep oversold at 29.28, bearish H4/H1 fair value gaps, and D1 structure all confirm downside momentum. KEY LEVELS R: 1.585, 1.59, 1.6141 | S: 1.58, 1.5785, 1.575 NEWS 🔴 BoC CPI Core YoY (Mon 12:30 UTC) 🟡 BoC CPI Core MoM (Mon 12:30 UTC) SESSION OUTLOOK BoC inflation print could trigger volatility into oversold extremes. Watch rejection at resistance; support holds key to continuation bias.

Key Levels

R: 1.58500 · 1.59000 · 1.61410

S: 1.58000 · 1.57850 · 1.57500