EURCAD New York briefing — 2026-07-21

BIAS BEARISH. D1 structure bearish; H4 EMA confirms downside. H1 neutral divergence suggests intraday chop, but daily trend dominates. KEY LEVELS R: 1.61, 1.615, 1.62735 | S: 1.605, 1.6, 1.59935 NEWS 🔴 ECB Main Refinancing Operations Rate (EUR) — Thu 23 Jul, 12:15 UTC 🔴 ECB Monetary Policy Statement (EUR) — Thu 23 Jul, 12:15 UTC 🔴 ECB Rate On Deposit Facility (EUR) — Thu 23 Jul, 12:15 UTC SESSION OUTLOOK NY session: expect range consolidation near 1.6069. ECB event Thu AM (pre-session) likely to set tone; monitor 1.605 support for breakdown conviction. PRO UNL

Key Levels

R: 1.61000 · 1.61500 · 1.62735

S: 1.60500 · 1.60000 · 1.59935