EURAUD London briefing — 2026-05-21

BIAS BULLISH — H1 EMA bullish overrides neutral D1; RSI 56 supports upside continuation. KEY LEVELS R: 1.635, 1.63835, 1.64 | S: 1.63, 1.625, 1.6111 NEWS 🔴 HCOB Composite PMI (EUR) Thu 08:00 UTC — HIGH impact 🟡 Current Account n.s.a/s.a (EUR) Thu 08:00 UTC — LOW impact SESSION OUTLOOK Eurostat PMI data this London open could trigger volatility. Watch 1.635 resistance; breaks above confirm H1 strength into European hours. PRO UNLOCKS [Entry 1.6315→1.633 | SL 1.6295 | TP1 1.6358 | TP2 1.641 | FVG 1.

Key Levels

R: 1.63500 · 1.63835 · 1.64000

S: 1.63000 · 1.62500 · 1.61110