EURCAD London briefing — 2026-10-21

BIAS BEARISH. Aligned D1/H4/H1 EMA trend with bearish H4 and H1 fair value gaps drive conviction; RSI neutral supports extension without reversal signal. KEY LEVELS R: 1.58, 1.585, 1.6141 | S: 1.575, 1.57421, 1.57 NEWS 🔴 Lagarde speech Wed 16:30 UTC | 🟡 Nagel 07:15 UTC | 🟡 Cipollone 08:00 UTC SESSION OUTLOOK London opens with ECB speakers dominating. Watch FVG respect near 1.575 support; morning speeches may trigger consolidation before Lagarde's high-impact afternoon address.

Key Levels

R: 1.58000 · 1.58500 · 1.61410

S: 1.57500 · 1.57421 · 1.57000