EURAUD London briefing — 2026-08-06

BIAS BULLISH — Daily structure bullish; RSI neutral at 52.67 supports upside potential. H1/H4 EMA divergence caps conviction, but lower timeframe neutral does not negate D1 bias. KEY LEVELS R: 1.645, 1.65037 | S: 1.635, 1.6236 NEWS 🟡 Economic Bulletin (EUR) 08:00 UTC 🔴 Retail Sales YoY (EUR) 09:00 UTC SESSION OUTLOOK Retail data headlining 09:00; watch for breakout above 1.64 on bullish prints. Downside protect below 1.635.

Key Levels

R: 1.64000 · 1.64500 · 1.65037

S: 1.63500 · 1.63000 · 1.62360