EURCAD New York briefing — 2026-07-22

BIAS BEARISH. Daily structure weak; H4 confirms downtrend despite H1 bullish bounce—divergence suggests bounce exhaustion into resistance. KEY LEVELS R: 1.61, 1.615, 1.62722 | S: 1.605, 1.6, 1.59935 NEWS 🔴 ECB Main Refinancing Rate, Monetary Policy Statement, Deposit Facility Rate – Thu 23 Jul 12:15 UTC SESSION OUTLOOK NY session faces ECB uncertainty tomorrow. Watch rejection at 1.61 resistance; break below 1.605 confirms bearish continuation. PRO UNLOCKS [Pro: precise entry zones, SL placement, TP cascade, liquidity sweeps, FVG identification]

Key Levels

R: 1.61000 · 1.61500 · 1.62722

S: 1.60500 · 1.60000 · 1.59935