EURCAD London briefing — 2026-11-02

BIAS BEARISH. D1 structure, H4 EMA, and H1 EMA combined with bearish H4 fair value gaps drive downside pressure despite neutral RSI. KEY LEVELS R: 1.57, 1.575, 1.60712 | S: 1.565, 1.56, 1.55536 NEWS 🟡 HCOB Manufacturing PMI (EUR) 09:00 UTC 🟡 ECB Vujčić speech (EUR) 09:45 & 10:00 UTC SESSION OUTLOOK Monitor PMI for EUR strength; speeches add volatility risk. Watch 1.565 hold as pivot; breach targets lower supports.

Key Levels

R: 1.57000 · 1.57500 · 1.60712

S: 1.56500 · 1.56000 · 1.55536