EURCAD New York briefing — 2026-09-09

BIAS BEARISH. D1 structure bearish; H4 EMA bearish supports downside despite H1 neutral and RSI 47 showing no momentum conviction yet. KEY LEVELS R: 1.605, 1.61, 1.61879 | S: 1.6, 1.59791, 1.595 NEWS 🔴 ECB Lagarde speech Wed 17:00 UTC 🔴 ECB Rate Decision Thu 12:15 UTC 🔴 ECB Policy Statement Thu 12:15 UTC SESSION OUTLOOK NY session sets up into Lagarde speech overnight. Watch 1.605 resistance rejection; break below 1.6 confirms bearish structure extension.

Key Levels

R: 1.60500 · 1.61000 · 1.61879

S: 1.60000 · 1.59791 · 1.59500