EURCAD New York briefing — 2026-08-31

BIAS BEARISH. EMA H4/H1 aligned downward; D1 structure confirms; RSI neutral but price below resistance caps upside. KEY LEVELS R: 1.61, 1.615, 1.61879 | S: 1.605, 1.6, 1.59784 NEWS 🔴 Core CPI MoM/YoY (EUR) — Tue 09:00 UTC 🟡 HCOB Manufacturing PMI (EUR) — Tue 08:00 UTC SESSION OUTLOOK NY session tests 1.61 resistance; strong EUR inflation data tomorrow may accelerate downside. Watch initial reaction to PMI.

Key Levels

R: 1.61000 · 1.61500 · 1.61879

S: 1.60500 · 1.60000 · 1.59784