EURAUD London briefing — 2026-08-04

BIAS BULLISH. D1 structure is bullish; RSI neutral at 47.87 leaves room to run higher. H4/H1 EMAs diverge, creating minor caution, but daily bias dominates. KEY LEVELS R: 1.64, 1.645, 1.65037 | S: 1.635, 1.63, 1.6236 NEWS 🟡 AiG Construction PMI (AUD) – Tue 23:00 UTC 🟡 AiG Manufacturing PMI (AUD) – Tue 23:00 UTC 🟡 AiG Industry Index (AUD) – Tue 23:00 UTC SESSION OUTLOOK London session may consolidate ahead of evening AUD data. Watch 1.64 for resistance confirmation; hold above 1.635 for bullish continuation into Asia.

Key Levels

R: 1.64000 · 1.64500 · 1.65037

S: 1.63500 · 1.63000 · 1.62360