EURAUD London briefing — 2026-05-08

BIAS BEARISH — D1 structure confirms downside despite H4/H1 divergence; RSI neutral supports lower momentum. KEY LEVELS R: 1.63, 1.635, 1.6503 | S: 1.625, 1.62, 1.61842 NEWS 🟡 ECB Cipollone speech 12:00 UTC 🟡 ECB Schnabel speech 16:00 UTC 🟡 ECB Nagel speech 16:15 UTC SESSION OUTLOOK Three ECB speakers risk volatility into London close. Watch 1.625 support; breaks below signal extension toward 1.62. PRO UNLOCKS Entry 1.6240 | SL 1.6355 | TP1 1.6190 | TP2 1.6142 | FVG 1.6280–1.6305 |

Key Levels

R: 1.63000 · 1.63500 · 1.65030

S: 1.62500 · 1.62000 · 1.61842