EURAUD London briefing — 2026-05-06

BIAS BEARISH — D1 structure + H4/H1 EMA aligned downside; RSI neutral but price respects support structure. KEY LEVELS R: 1.625, 1.63, 1.6503 | S: 1.62, 1.61842, 1.615 NEWS 🟡 ECB Lane speech Wed 08:00 UTC 🟡 HCOB Composite PMI Wed 08:00 UTC 🟡 HCOB Services PMI Wed 08:00 UTC SESSION OUTLOOK ECB speakers could trigger volatility; watch if price holds 1.62 support. Lower PMI prints extend bearish bias toward 1.615. PRO UNLOCKS Entry 1.6205, SL 1.6265, TP1 1.61842, TP2 1.615, FVG 1.6180–1.

Key Levels

R: 1.62500 · 1.63000 · 1.65030

S: 1.62000 · 1.61842 · 1.61500