EURCAD London briefing — 2026-10-22

BIAS BEARISH. D1 + H4 + H1 EMA alignment combined with H4 fair value gaps drive directional bias. KEY LEVELS R: 1.58, 1.585, 1.6141 | S: 1.575, 1.57421, 1.57 NEWS 🟡 ECB Panetta speech (EUR) 12:15 UTC 🟡 CAD Employment Insurance + Industrial Price (12:30 UTC) SESSION OUTLOOK Panetta could weigh EUR; watch liquidity pools near 1.58 resistance. Lower prices probe support structure 1.575–1.57 if bearish flow holds.

Key Levels

R: 1.58000 · 1.58500 · 1.61410

S: 1.57500 · 1.57421 · 1.57000