EURAUD London briefing — 2026-05-11

BIAS BEARISH — H4/H1 EMAs aligned downward; RSI neutral permits momentum continuation lower. KEY LEVELS R: 1.63, 1.635, 1.64337 | S: 1.625, 1.62, 1.61842 NEWS 🟡 Westpac Consumer Confidence (AUD) — Tue 12 May 00:30 UTC 🟡 NAB Business Conditions/Confidence (AUD) — Tue 12 May 01:30 UTC SESSION OUTLOOK AUD data Tuesday morning may trigger volatility post-London close. Watch support holds; breaks below 1.625 extend downside. PRO UNLOCKS Entry 1.6248 | SL 1.6335 | TP1 1.6184 | TP2 1.6142 | FVG 1.627–1.629 |

Key Levels

R: 1.63000 · 1.63500 · 1.64337

S: 1.62500 · 1.62000 · 1.61842