EURAUD Asia briefing — 2026-10-16

BIAS BULLISH. Trend vote (D1+H4+H1 EMA) bullish; H4 and H1 fair value gaps bullish; liquidity sweep of highs provides directional confirmation despite RSI overbought. KEY LEVELS R: 1.625, 1.63, 1.6335 | S: 1.62, 1.615, 1.59343 NEWS 🟡 ECB Nagel speech (Fri 02:30 UTC) 🟡 Core CPI MoM/YoY (Fri 09:00 UTC) SESSION OUTLOOK Asia session opens with overbought RSI; watch for H1 FVG holds into ECB event. 1.625 resistance critical for continuation bias.

Key Levels

R: 1.62500 · 1.63000 · 1.63350

S: 1.62000 · 1.61500 · 1.59343