EURCAD New York briefing — 2026-08-13

BIAS BEARISH. Daily structure downtrend confirmed; H1/H4 EMAs neutral but RSI at 45.54 leaves room for continuation lower without oversold extremes. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.60113, 1.60 NEWS 🟡 EUR Trade Balance n.s.a. (Fri 09:00 UTC) 🟡 EUR Trade Balance s.a. (Fri 10:00 UTC) 🟡 EUR Employment Change QoQ (Fri 10:00 UTC) SESSION OUTLOOK NY open trades near 1.60817. Watch for weakness toward 1.605 support; medium-impact EU data Friday may accelerate moves. Resistance holds at 1.61.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60113 · 1.60000