EURCAD New York briefing — 2026-10-01

BIAS BULLISH. Daily structure, H4 EMA, and H1 EMA combined with H1 fair value gaps drive upside, despite liquidity sweep of highs and H4 FVG resistance. KEY LEVELS R: 1.61, 1.6141, 1.615 | S: 1.605, 1.6, 1.5996 NEWS 🔴 ECB President Lagarde speech (13:30 UTC) 🟡 CAD Manufacturing PMI (13:30 UTC) 🟡 ECB Sleijpen speech (14:00 UTC) SESSION OUTLOOK Lagarde speech coincides with PMI data; volatility expected into early NY. Watch 1.61 resistance—sweep setup suggests potential rejection before continuation higher.

Key Levels

R: 1.61000 · 1.61410 · 1.61500

S: 1.60500 · 1.60000 · 1.59960