EURCAD New York briefing — 2026-07-20

BIAS BEARISH — D1 structure bearish; H4 EMA confirms downtrend despite H1 neutral and RSI at midpoint. Daily structure dominates. KEY LEVELS R: 1.605, 1.61, 1.62735 | S: 1.6, 1.59935, 1.595 NEWS 🔴 ECB Bank Lending Survey – Tue 21 Jul 08:00 UTC 🟡 ZEW Economic Sentiment – Tue 21 Jul 09:00 UTC 🟡 ECB Nagel Speech – Tue 21 Jul 11:30 UTC SESSION OUTLOOK NY opens near mid-range; watch for drift toward 1.6 support on continued EUR weakness. ECB events tomorrow morning will drive directional clarity. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity

Key Levels

R: 1.60500 · 1.61000 · 1.62735

S: 1.60000 · 1.59935 · 1.59500