EURCAD New York briefing — 2026-10-08

BIAS BEARISH. D1 structure, H4 EMA, H1 EMA aligned downside; H4 and H1 fair value gaps reinforce lower direction. KEY LEVELS R: 1.6141, 1.605, 1.6 | S: 1.59075, 1.595, 1.59 NEWS 🟡 ECB Cipollone speech (EUR) Fri 10:15 UTC 🟡 Average Hourly Wages YoY (CAD) Fri 12:30 UTC 🟡 Net Change Employment (CAD) Fri 12:30 UTC SESSION OUTLOOK Watch for continuation into NY session; Friday labor data could spark volatility. Monitor support holds near 1.595.

Key Levels

R: 1.60000 · 1.60500 · 1.61410

S: 1.59500 · 1.59075 · 1.59000