EURAUD London briefing — 2026-05-18

BIAS BEARISH — D1 structure neutral but H4/H1 divergence + RSI mid-range (53.31) signals exhaustion; price testing resistance zone 1.63–1.635. KEY LEVELS R: 1.635, 1.64235 | S: 1.625, 1.62, 1.6111 NEWS 🔴 RBA Meeting Minutes — Tue 19 May, 01:30 UTC 🟡 Westpac Consumer Confidence — Tue 19 May, 00:30 UTC 🟡 EUR Trade Balance — Tue 19 May, 09:00 UTC SESSION OUTLOOK RBA minutes overnight will drive AUD volatility; watch 1.635 resistance for rejection into London close. Lower timeframe confirmation needed below 1.625 to target support cluster. PRO UNLOCKS Exact entries, stops, targets, FV

Key Levels

R: 1.63000 · 1.63500 · 1.64235

S: 1.62500 · 1.62000 · 1.61110