EURCAD New York briefing — 2026-08-18

BIAS BEARISH. EMA H4/H1 aligned downside; D1 structure confirms; RSI neutral doesn't contradict lower timeframe confluence. KEY LEVELS R: 1.61, 1.615, 1.62498 | S: 1.605, 1.60, 1.59784 NEWS 🔴 ECB Lagarde speech Wed 19 Aug 07:10 UTC (EUR volatility catalyst tomorrow) SESSION OUTLOOK NY session likely consolidative ahead of ECB tomorrow. Watch 1.605 hold; break below targets 1.60 support zone.

Key Levels

R: 1.61000 · 1.61500 · 1.62498

S: 1.60500 · 1.60000 · 1.59784