EURCAD New York briefing — 2026-05-18

BIAS BEARISH — D1 structure dominates divergent H4/H1; RSI neutral confirms weakness lacks momentum. KEY LEVELS R: 1.605, 1.61, 1.61513 | S: 1.6, 1.595, 1.59052 NEWS 🟡 ECB Lane speech Tue 12:00 UTC [MEDIUM] 🔴 EUR Trade Balance n.s.a./s.a. Tue 09:00 UTC [LOW] SESSION OUTLOOK NY session opens into ECB event risk. Watch 1.605 resistance rejection; lower support at 1.6 critical for downside continuation. PRO UNLOCKS Entry/SL/TP zones, liquidity sweeps, FVG targets, Fibonacci confluence — unlock with Pro membership.

Key Levels

R: 1.60500 · 1.61000 · 1.61513

S: 1.60000 · 1.59500 · 1.59052