EURCAD New York briefing — 2026-05-13

BIAS BEARISH — H4 EMA bearish structure dominates despite neutral D1; RSI neutral doesn't override downside momentum. KEY LEVELS R: 1.605, 1.61, 1.61513 | S: 1.6, 1.595, 1.59052 NEWS 🔴 ECB President Lagarde speech 19:15 UTC (HIGH) | 🟡 ECB Lane speech 19:00 UTC (MEDIUM) SESSION OUTLOOK Lagarde speeches at NY open may trigger EUR volatility. Watch 1.605 resistance for rejection; holds support critical below 1.6. PRO UNLOCKS Entry 1.6028, SL 1.6085, TP1 1.5952, TP2 1.5890 | FVG 1.604–1.6015 | Liquidity sweep 1.61 before reversal

Key Levels

R: 1.60500 · 1.61000 · 1.61513

S: 1.60000 · 1.59500 · 1.59052