EURCAD New York briefing — 2026-08-20

BIAS BULLISH. Daily structure supports, RSI neutral (55.13) leaves room for upside, hourly EMAs diverge but don't contradict the broader bullish lean. KEY LEVELS R: 1.615, 1.62, 1.62498 | S: 1.61, 1.605, 1.59784 NEWS 🟡 ECB Sleijpen speech (19:30 UTC, 22:30 UTC) 🔴 HCOB Composite PMI Friday 08:00 UTC SESSION OUTLOOK Sleijpen remarks could trigger EUR volatility into NY close. Watch 1.615 resistance; breaks unlock 1.62 probe.

Key Levels

R: 1.61500 · 1.62000 · 1.62498

S: 1.61000 · 1.60500 · 1.59784