EURCAD New York briefing — 2026-07-08

BIAS BEARISH. H1 EMA bearish + RSI neutral (32) aligns downside; H4 neutral divergence suggests caution but doesn't override the session-level momentum. KEY LEVELS R: 1.62, 1.625, 1.62743 | S: 1.615, 1.61256, 1.61 NEWS 🟡 ECB Vujčić speech (Fri 10 Jul, 07:15 UTC) 🟡 CAD Average Hourly Wages YoY (Fri 10 Jul, 12:30 UTC) 🟡 CAD Building Permits MoM (Fri 10 Jul, 12:30 UTC) SESSION OUTLOOK Watch for rejection at 1.62 resistance. CAD data Friday may shift momentum; monitor ECB speech for EUR volatility trigger. PRO UNLOCKS Entry, SL

Key Levels

R: 1.62000 · 1.62500 · 1.62743

S: 1.61500 · 1.61256 · 1.61000