EURAUD London briefing — 2026-05-12

BIAS BULLISH — D1 structure overrides neutral H4/H1 divergence; RSI neutral supports continuation without overextension. KEY LEVELS R: 1.63, 1.635, 1.64235 | S: 1.625, 1.62, 1.61842 NEWS 🟡 ZEW Economic Sentiment (EUR) — 09:00 UTC 🔴 Budget Release (AUD) — 09:30 UTC 🟡 ECB Elderson Speech (EUR) — 10:40 UTC SESSION OUTLOOK AUD Budget and ECB Elderson speech dominate; watch AUD reaction first at 09:30, then ECB commentary. Price may consolidate into 1.63 resistance ahead of events. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweep data — unlock with Pro

Key Levels

R: 1.63000 · 1.63500 · 1.64235

S: 1.62500 · 1.62000 · 1.61842