EURAUD London briefing — 2026-07-21

BIAS NEUTRAL — RSI oversold signals reversal potential, but H4/H1 bearish alignment and neutral D1 structure create conflicting momentum. No genuine directional edge. KEY LEVELS R: 1.63, 1.635, 1.66117 | S: 1.62691, 1.625, 1.62 NEWS 🔴 ECB Bank Lending Survey (Tue 08:00 UTC) 🟡 ZEW Economic Sentiment (Tue 09:00 UTC) 🟡 ECB Nagel speech (Tue 11:30 UTC) SESSION OUTLOOK ECB data and Nagel remarks could trigger EUR volatility around 08:00–11:30 UTC. Watch 1.63 for resistance confirmation; oversold conditions may attract tactical long interest if support holds. PRO UNLOCKS Entry confirmation, SL/TP placement, FVG

Key Levels

R: 1.63000 · 1.63500 · 1.66117

S: 1.62691 · 1.62500 · 1.62000