EURCAD New York briefing — 2026-11-03

BIAS BEARISH. D1 + H4 + H1 trend alignment, H4 and H1 fair value gaps, and bearish D1 structure drive this bias. KEY LEVELS R: 1.565, 1.57, 1.60237 | S: 1.56, 1.55536, 1.555 NEWS 🔴 BoC Macklem speech (CAD) 16:00 UTC 🟡 ECB Nagel speech (EUR) 18:00 UTC 🟡 ECB Sleijpen speech (EUR) 18:15 UTC SESSION OUTLOOK Macklem speech may volatilize CAD; watch 1.56 support into NY open. ECB speeches later could extend EUR weakness if hawkish surprises.

Key Levels

R: 1.56500 · 1.57000 · 1.60237

S: 1.56000 · 1.55536 · 1.55500