EURCAD New York briefing — 2026-05-19

BIAS BEARISH — D1 structure confirms downtrend despite neutral RSI and H1 divergence. KEY LEVELS R: 1.6, 1.605, 1.61513 | S: 1.595, 1.59052, 1.59 NEWS 🟡 Core CPI (MoM/YoY) — Wed 09:00 UTC 🟡 Harmonized CPI (MoM) — Wed 09:00 UTC SESSION OUTLOOK Price near 1.60 resistance. CPI data tomorrow may drive volatility; watch for rejection at 1.6 to confirm downside continuation toward support. PRO UNLOCKS Entry 1.5998, SL 1.6025, TP1 1.595, TP2 1.5905 | FVG 1.5912–1.5885 | Liquidity sweep 1.6

Key Levels

R: 1.60000 · 1.60500 · 1.61513

S: 1.59500 · 1.59052 · 1.59000