EURCAD New York briefing — 2026-10-29

BIAS BEARISH. D1 + H4 + H1 EMAs aligned bearish; RSI deeply oversold at 27.04; H4 and H1 fair value gaps both bearish-biased. KEY LEVELS R: 1.56, 1.565, 1.60712 | S: 1.55721, 1.555, 1.55 NEWS 🔴 ECB Main Refinancing Rate, Monetary Policy Statement, Deposit Facility Rate — Thu 29 Oct, 13:15 UTC SESSION OUTLOOK ECB decision arrives mid-session; expect volatility around 1.56 resistance. Oversold RSI may invite corrective bounce before continuation lower tests support.

Key Levels

R: 1.56000 · 1.56500 · 1.60712

S: 1.55721 · 1.55500 · 1.55000