EURCAD New York briefing — 2026-10-22

BIAS BEARISH. D1+H4+H1 trend alignment, oversold RSI(14) at 26.88, and bearish fair value gaps on H4/H1 drive downside continuation. KEY LEVELS R: 1.575, 1.58, 1.6141 | S: 1.57195, 1.57, 1.565 NEWS 🟡 ECB Panetta speech (EUR) Thu 12:15 UTC 🟡 CAD Employment Insurance & Industrial PPI Thu 12:30 UTC SESSION OUTLOOK Panetta remarks risk EUR volatility ahead of New York open. Monitor break below 1.57 for continuation into support cluster.

Key Levels

R: 1.57500 · 1.58000 · 1.61410

S: 1.57195 · 1.57000 · 1.56500