EURAUD Asia briefing — 2026-05-18

BIAS BEARISH — D1 neutral structure combined with H4/H1 divergence and RSI midpoint support bearish continuation below 1.625. KEY LEVELS R: 1.625, 1.63, 1.64235 | S: 1.62, 1.615, 1.6111 NEWS 🟡 ECB Elderson speech (EUR) Mon 07:30 UTC | 🔴 RBA Minutes (AUD) Tue 01:30 UTC SESSION OUTLOOK Asia opens with Elderson speech risking EUR volatility. Watch 1.625 resistance rejection into Tuesday's RBA minutes for directional conviction. PRO UNLOCKS Entry 1.6235, SL 1.6285, TP1 1.6180, TP2 1.6111 — FVG 1.6280–1.6240, liquidity sweep below 1

Key Levels

R: 1.62500 · 1.63000 · 1.64235

S: 1.62000 · 1.61500 · 1.61110