EURCAD New York briefing — 2026-05-08

BIAS BEARISH — D1 structure dominates despite H1 bullish EMA; RSI overbought at 78.02 signals exhaustion. KEY LEVELS R: 1.615, 1.62, 1.62471 | S: 1.61, 1.605, 1.59052 NEWS 🟡 ECB Schnabel speech — 16:00 UTC 🟡 ECB Nagel speech — 16:15 UTC 🔵 CFTC EUR NC Positions — 19:30 UTC SESSION OUTLOOK ECB speeches may trigger volatility near resistance. Watch for rejection at 1.615 on overbought conditions; support at 1.605 critical. PRO UNLOCKS Entry 1.614, SL 1.6175, TP1 1.605, TP2 1.59052, FVG 1.612

Key Levels

R: 1.61500 · 1.62000 · 1.62471

S: 1.61000 · 1.60500 · 1.59052