EURCAD London briefing — 2026-11-03

BIAS BEARISH. D1 structure, H4 EMA, and combined trend vote drive downside; H4 fair value gaps confirm lower direction despite H1 bullish FVG noise. KEY LEVELS R: 1.565, 1.57, 1.60237 | S: 1.56, 1.55536, 1.555 NEWS 🔴 BoC Governor Macklem speech – Tue 16:00 UTC 🟡 ECB Nagel speech – Tue 18:00 UTC 🟡 ECB Sleijpen speech – Tue 18:15 UTC SESSION OUTLOOK Macklem speech may weigh on CAD strength. Watch 1.565 resistance for rejection; breach of 1.56 support signals continuation into London close.

Key Levels

R: 1.56500 · 1.57000 · 1.60237

S: 1.56000 · 1.55536 · 1.55500