EURAUD London briefing — 2026-07-31

BIAS NEUTRAL — RSI at midpoint (50.43), H4/H1 EMAs both neutral with divergent structure, D1 shows no directional conviction. KEY LEVELS R: 1.64, 1.645, 1.65032 | S: 1.635, 1.63, 1.6236 NEWS 🔴 Core CPI MoM (EUR) — 09:00 UTC 🔴 Core CPI YoY (EUR) — 09:00 UTC 🔴 CPI MoM (EUR) — 09:00 UTC SESSION OUTLOOK Three high-impact inflation prints arrive at London open. Expect volatility spike; watch EUR reaction for directional clarity around 1.64 resistance or 1.635 support.

Key Levels

R: 1.64000 · 1.64500 · 1.65032

S: 1.63500 · 1.63000 · 1.62360