EURCAD New York briefing — 2026-07-16

BIAS BEARISH. EMA H4/H1 aligned downtrend; D1 structure confirms lower lows; RSI(14) at 39 supports weakness without oversold bounce setup. KEY LEVELS R: 1.61, 1.615, 1.62735 | S: 1.605, 1.60488, 1.6 NEWS 🟡 Core Harmonized CPI MoM (EUR) Fri 09:00 UTC | 🔴 Current Account n.s.a/s.a (EUR) Fri 08:00 UTC SESSION OUTLOOK NY session opens post-data. Watch 1.605 hold as bears target 1.6. EUR weakness from inflation misses could extend sell pressure. PRO UNLOCKS Entry zones, liquidity sweeps, FVG targets, Fibonacci ratios — unlock with Pro subscription.

Key Levels

R: 1.61000 · 1.61500 · 1.62735

S: 1.60500 · 1.60488 · 1.60000