EURCAD London briefing — 2026-10-20

BIAS BEARISH. D1 + H4 + H1 EMA alignment with bearish H4 fair-value gaps and bearish D1 structure drive directional conviction. KEY LEVELS R: 1.585, 1.59, 1.6141 | S: 1.58, 1.57745, 1.575 NEWS 🟡 EUR Current Account n.s.a / s.a (08:00 UTC) 🟡 EUR Construction Output s.a MoM (09:00 UTC) SESSION OUTLOOK London opens into soft eurozone data. Watch 1.58 support; break confirms bearish structure extension toward 1.575.

Key Levels

R: 1.58500 · 1.59000 · 1.61410

S: 1.58000 · 1.57745 · 1.57500