EURCAD London briefing — 2026-10-29

BIAS BEARISH. D1 + H4 + H1 EMA alignment, oversold RSI(14) at 27.49, bearish H4 and H1 fair value gaps, and D1 structure all confirm downside bias. KEY LEVELS R: 1.56, 1.565, 1.60712 | S: 1.55766, 1.555, 1.55 NEWS 🟡 Business Climate (EUR) Thu 10:00 UTC 🟡 Consumer Confidence (EUR) Thu 10:00 UTC 🟡 Economic Sentiment Indicator (EUR) Thu 10:00 UTC SESSION OUTLOOK Three medium EUR data prints at London open may test support holds. Watch for rejection at 1.56 resistance; oversold conditions favor bear continuation into lower targets.

Key Levels

R: 1.56000 · 1.56500 · 1.60712

S: 1.55766 · 1.55500 · 1.55000