EURCAD New York briefing — 2026-07-31

BIAS BULLISH. D1 structure + H1 EMA bullish despite RSI neutral and H4 divergence; momentum favors upside. KEY LEVELS R: 1.615, 1.61845, 1.62 | S: 1.61, 1.605, 1.59935 NEWS CFTC EUR NC Net Positions (EUR) — Fri 31 Jul 19:30 UTC 🟡 SESSION OUTLOOK NY session tests 1.615 resistance. Watch RSI rejection at overbought or break into fresh highs. CFTC data may trigger positioning shifts.

Key Levels

R: 1.61500 · 1.61845 · 1.62000

S: 1.61000 · 1.60500 · 1.59935