EURCAD New York briefing — 2026-09-08

BIAS BEARISH. H4/H1 EMAs aligned downside; RSI neutral at 38 avoids overbought, supporting continuation lower from current structure. KEY LEVELS R: 1.605, 1.61, 1.61879 | S: 1.6, 1.59791, 1.595 NEWS 🟡 ECB Elderson speech Tue 15:00 UTC | 🔴 Lagarde speech Wed 17:00 UTC | 🔴 ECB Rate Thu 12:15 UTC SESSION OUTLOOK NY session likely choppy ahead of Elderson remarks. Watch 1.605 resistance; break below 1.6 confirms bearish structure into ECB week.

Key Levels

R: 1.60500 · 1.61000 · 1.61879

S: 1.60000 · 1.59791 · 1.59500