EURCAD New York briefing — 2026-05-11

BIAS BULLISH. D1 structure overrides neutral H4/H1 divergence; RSI 58 supports upside momentum continuation. KEY LEVELS R: 1.61513, 1.615, 1.61 | S: 1.605, 1.6, 1.59052 NEWS 🟡 ZEW Economic Sentiment (EUR) Tue 09:00 UTC 🟡 ECB Elderson Speech (EUR) Tue 10:40 UTC 🟡 Employment Change QoQ (EUR) Wed 09:00 UTC SESSION OUTLOOK NY session sets tone ahead of Tue EUR events. Watch 1.61 resistance; break targets 1.615. Support holds at 1.605. PRO UNLOCKS Entry 1.6105, SL 1.6010, TP1 1.6150, TP2 1.6151,

Key Levels

R: 1.61000 · 1.61500 · 1.61513

S: 1.60500 · 1.60000 · 1.59052