EURCAD New York briefing — 2026-08-17

BIAS BEARISH. D1 structure downtrend confirmed; H4 EMA bearish despite H1 neutral and RSI at midpoint—lower timeframe weakness supports continuation. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.6, 1.59784 NEWS 🟡 ZEW Economic Sentiment (EUR) – Tue 09:00 UTC 🟡 ECB Lane Speech (EUR) – Tue 11:45 UTC 🟡 Housing Starts YoY (CAD) – Tue 12:15 UTC SESSION OUTLOOK NY session may see volatility into Tuesday's EUR events. Watch 1.605 hold for downside momentum; breach signals deeper probe toward 1.6.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60000 · 1.59784