EURCAD New York briefing — 2026-09-18

BIAS BEARISH. D1 trend + H4 EMA + H1 EMA alignment drives direction despite bullish H4/H1 fair value gaps and neutral RSI. KEY LEVELS R: 1.61, 1.615, 1.61632 | S: 1.605, 1.6, 1.59791 NEWS 🟡 CFTC EUR NC Net Positions (Fri 19:30 UTC) 🟡 ECB Nagel speech (Sun 08:30 UTC) SESSION OUTLOOK Watch for rejection at resistance in early New York trade. Bearish EMA structure may target support sweep into the close.

Key Levels

R: 1.61000 · 1.61500 · 1.61632

S: 1.60500 · 1.60000 · 1.59791