EURCAD New York briefing — 2026-10-21

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downward; H4 and H1 fair value gaps reinforce lower move; RSI neutral permits continuation. KEY LEVELS R: 1.58, 1.585, 1.6141 | S: 1.575, 1.57421, 1.57 NEWS 🔴 ECB Lagarde speech Wed 16:30 UTC (EUR volatility expected) 🟡 ECB Panetta speech Thu 12:15 UTC SESSION OUTLOOK Lagarde remarks risk EUR strength or weakness; watch 1.58 resistance and 1.575 support for intraday rejection patterns before Thursday data.

Key Levels

R: 1.58000 · 1.58500 · 1.61410

S: 1.57500 · 1.57421 · 1.57000