EURCAD New York briefing — 2026-05-21

BIAS BEARISH. D1 structure bearish, H4/H1 EMAs aligned downside, RSI neutral supports continuation. KEY LEVELS R: 1.6, 1.605, 1.61513 | S: 1.595, 1.59052, 1.59 NEWS 🟡 Consumer Confidence (EUR) 14:00 UTC 🟡 ECB Elderson speech 15:30 UTC 🟡 ECB Lane speech (Fri) 01:15 UTC SESSION OUTLOOK NYC open tests 1.595 support; ECB speakers may trigger volatility. Watch for breakdown confirmation below 1.59. PRO UNLOCKS Entry 1.5975, SL 1.6015, TP1 1.595, TP2 1.5905, FVG 1.5920–1.5935, liquidity sweep 1.

Key Levels

R: 1.60000 · 1.60500 · 1.61513

S: 1.59500 · 1.59052 · 1.59000