EURCAD London briefing — 2026-11-05

BIAS BULLISH. D1 trend + H4 EMA + H1 EMA alignment combined with bullish H4 and H1 fair value gaps drive the bias. KEY LEVELS R: 1.57, 1.575, 1.60237 | S: 1.565, 1.56, 1.55536 NEWS 🟡 ECB Schnabel speech (Thu 08:05 UTC) 🟡 Producer Price Index MoM/YoY (Thu 10:00 UTC) SESSION OUTLOOK Watch for volatility around ECB event at London open. Bullish FVGs guide upside targets if support holds.

Key Levels

R: 1.57000 · 1.57500 · 1.60237

S: 1.56500 · 1.56000 · 1.55536