EURCAD New York briefing — 2026-10-12

BIAS BEARISH. D1+H4+H1 trend alignment, H4/H1 fair value gaps, and neutral RSI(14) at 41.86 confirm downside pressure. KEY LEVELS R: 1.6141, 1.6, 1.595 | S: 1.585, 1.59, 1.59075 NEWS 🟡 ECB Elderson speech Tue 07:15 UTC 🟡 ECB Escrivá speech Tue 08:05 UTC 🟡 ECB Lane speech Tue 18:30 UTC SESSION OUTLOOK Watch for NY session extension toward support. ECB speeches tomorrow may refresh volatility; monitor price action into 1.595 resistance rejection.

Key Levels

R: 1.59500 · 1.60000 · 1.61410

S: 1.59075 · 1.59000 · 1.58500