EURCAD New York briefing — 2026-08-11

BIAS BEARISH. D1 structure bearish; H1 EMA confirms downside while RSI(33.62) shows weakness without oversold extremes—room to fall. KEY LEVELS R: 1.61 | 1.615 | 1.62498 S: 1.605 | 1.60063 | 1.6 NEWS 🟡 Building Permits CAD (Wed 12:30 UTC) 🟡 Industrial Production EUR (Thu 09:00 UTC) SESSION OUTLOOK NY session likely consolidates into CAD data. Watch hold at 1.605; break below opens 1.60063.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60063 · 1.60000