EURCAD New York briefing — 2026-08-19

BIAS NEUTRAL — H4 neutral EMA conflicts H1 bullish; RSI overbought at 1.61182 signals exhaustion despite upside pressure; D1 structure lacks conviction. KEY LEVELS R: 1.615, 1.62, 1.62498 | S: 1.61, 1.605, 1.59784 NEWS 🟡 EUR Construction Output (MoM/YoY) Thu 09:00 UTC 🟡 CAD Employment Insurance Change Thu 12:30 UTC SESSION OUTLOOK Monitor 1.615 resistance rejection or breach. EU data tomorrow morning may shift momentum; watch CAD data for downside trigger into support zone.

Key Levels

R: 1.61500 · 1.62000 · 1.62498

S: 1.61000 · 1.60500 · 1.59784