EURCAD New York briefing — 2026-09-07

BIAS BEARISH. H4 and H1 EMAs aligned downward; RSI neutral at 47.44 doesn't confirm but doesn't contradict. D1 structure neutral keeps bias conditional on intraday momentum. KEY LEVELS R: 1.61, 1.615, 1.61879 | S: 1.605, 1.6, 1.59791 NEWS 🟡 ECB Elderson speech — Tue 08 Sep 15:00 UTC (medium impact on EUR) SESSION OUTLOOK New York opens with bearish structure intact. Watch hold above 1.605; break risks 1.6. ECB speech tomorrow could shift conviction.

Key Levels

R: 1.61000 · 1.61500 · 1.61879

S: 1.60500 · 1.60000 · 1.59791