EURCAD New York briefing — 2026-10-20

BIAS BEARISH. D1+H4+H1 EMA alignment, RSI deeply oversold at 26.86, and dual H4/H1 fair value gaps all confirm downside pressure. KEY LEVELS R: 1.575, 1.58, 1.6141 | S: 1.57421, 1.57, 1.565 NEWS 🟡 ECB Lane speech Wed 04:15 UTC 🟡 ECB Nagel speech Wed 07:15 UTC 🟡 ECB Cipollone speech Wed 08:00 UTC SESSION OUTLOOK NY session may consolidate ahead of ECB speakers tomorrow. Watch support holds; oversold RSI invites reversal probes into resistance.

Key Levels

R: 1.57500 · 1.58000 · 1.61410

S: 1.57421 · 1.57000 · 1.56500