EURCAD New York briefing — 2026-08-10

BIAS BEARISH. D1 structure confirms downtrend; H4 EMA neutral but H1 bearish creates directional lean despite RSI(41.65) sitting mid-range—no bullish divergence visible. KEY LEVELS R: 1.615, 1.62, 1.62498 | S: 1.61, 1.605, 1.60063 NEWS 🟡 Building Permits MoM (CAD) Wed 12 Aug 12:30 UTC—low impact but CAD-sensitive. SESSION OUTLOOK Watch 1.61 hold as support; break below confirms continuation. Range-bound likely until Wed data; no fresh catalyst today.

Key Levels

R: 1.61500 · 1.62000 · 1.62498

S: 1.61000 · 1.60500 · 1.60063