EURAUD London briefing — 2026-06-04

BIAS BEARISH — D1 structure confirms downside; RSI neutral avoids overbought trap; H4/H1 divergence flags caution but doesn't negate daily bias. KEY LEVELS R: 1.63, 1.635, 1.63835 | S: 1.625, 1.62, 1.61893 NEWS 🔴 Lagarde Speech (EUR) 08:00 UTC | 🔴 Retail Sales YoY (EUR) 10:00 UTC | 🟡 Retail Sales MoM (EUR) 10:00 UTC SESSION OUTLOOK Lagarde and retail data anchor volatility into London open. Watch 1.63 resistance; break below 1.625 strengthens bearish case. PRO UNLOCKS Entry zones, SL placement, TP targets, FVG identification, liquidity sweeps, Fibonacci projections — Pro

Key Levels

R: 1.63000 · 1.63500 · 1.63835

S: 1.62500 · 1.62000 · 1.61893