EURCAD New York briefing — 2026-10-02

BIAS BEARISH. H4 and H1 EMAs aligned downward with bearish FVGs on both timeframes driving the weighted bias despite bullish D1 structure. KEY LEVELS R: 1.605, 1.61, 1.6141 | S: 1.6, 1.59797, 1.595 NEWS 🟡 ECB Nagel speech (Fri 19:35 UTC) 🔴 CFTC EUR NC Net Positions (Fri 19:30 UTC) SESSION OUTLOOK Watch for rejection at 1.605 resistance. Nagel commentary may trigger volatility; monitor H1 close below 1.60113 for continuation.

Key Levels

R: 1.60500 · 1.61000 · 1.61410

S: 1.60000 · 1.59797 · 1.59500