EURCAD New York briefing — 2026-05-12

BIAS BULLISH. D1 structure breaks tie; RSI neutral at midpoint supports upside bias into resistance. KEY LEVELS R: 1.61513, 1.615, 1.61 | S: 1.605, 1.6, 1.59052 NEWS 🟡 Employment Change QoQ (EUR) Wed 09:00 UTC 🟡 GDP s.a. QoQ (EUR) Wed 09:00 UTC 🟡 Employment Change YoY (EUR) Wed 09:00 UTC SESSION OUTLOOK NY session tests 1.61 resistance ahead of EUR data Wed morning. Watch for breakout confirmation or rejection at 1.615. PRO UNLOCKS Entry 1.6097→SL 1.605→TP1 1.61→TP2 1.615 | FVG sweep 1.6055–1.61 —

Key Levels

R: 1.61000 · 1.61500 · 1.61513

S: 1.60500 · 1.60000 · 1.59052