EURCAD New York briefing — 2026-05-22

BIAS BEARISH. D1 structure confirms downtrend despite H1 bullish EMA divergence; RSI neutral supports continuation lower. KEY LEVELS R: 1.605, 1.61, 1.61513 | S: 1.6, 1.595, 1.59052 NEWS 🟡 CFTC EUR NC Net Positions (Fri 22 May 19:30 UTC) — LOW impact SESSION OUTLOOK Watch for rejection at 1.605 resistance. NY session likely tests support cluster 1.6–1.595 on weak EUR momentum. PRO UNLOCKS Entry 1.6045, SL 1.6085, TP1 1.6, TP2 1.595 | FVG 1.6020–1.5990 | Liquidity sweep 1.61513

Key Levels

R: 1.60500 · 1.61000 · 1.61513

S: 1.60000 · 1.59500 · 1.59052