EURAUD London briefing — 2026-06-02

BIAS BEARISH. H4 and H1 EMAs aligned downside; RSI neutral at 41.85 leaves room for continuation lower without oversold resistance. KEY LEVELS R: 1.625, 1.63, 1.63835 | S: 1.62, 1.615, 1.61259 NEWS 🔴 Core CPI MoM (EUR) 09:00 UTC 🔴 Core CPI YoY (EUR) 09:00 UTC 🔴 CPI MoM (EUR) 09:00 UTC SESSION OUTLOOK London open coincides with high-impact EUR inflation data. Expect volatility around 09:00; watch price reaction at 1.625 resistance for bears or CPI miss strength. PRO UNLOCKS Entry zones, optimal SL placement, TP cascades, FVG liquidity pockets, Fibonacci retracements —

Key Levels

R: 1.62500 · 1.63000 · 1.63835

S: 1.62000 · 1.61500 · 1.61259