EURAUD London briefing — 2026-07-20

BIAS BEARISH. H4/H1 EMAs aligned downward; D1 bullish structure creates conflict, but hourly momentum dominates near-term bias. KEY LEVELS R: 1.635, 1.64, 1.66117 | S: 1.63234, 1.63, 1.625 NEWS 🟡 Construction Output (EUR) – Mon 09:00 UTC 🔴 ECB Bank Lending Survey (EUR) – Tue 08:00 UTC SESSION OUTLOOK Watch Construction data for EUR weakness confirmation. ECB survey Tuesday could trigger volatility; monitor 1.635 resistance hold during London. PRO UNLOCKS Micro-structure entries, optimal SL/TP ratios, FVG liquidity zones, sweep patterns — unlock with Pro

Key Levels

R: 1.63500 · 1.64000 · 1.66117

S: 1.63234 · 1.63000 · 1.62500