EURAUD London briefing — 2026-08-07

BIAS BEARISH. H1 EMA bearish, daily structure bullish, RSI neutral at 46.64—hourly momentum favors shorts despite longer-term support. KEY LEVELS R: 1.64, 1.645, 1.65037 | S: 1.635, 1.63, 1.6236 NEWS 🟡 CFTC AUD NC Net Positions – Fri 19:30 UTC 🟡 CFTC EUR NC Net Positions – Fri 19:30 UTC SESSION OUTLOOK Watch for reversal rejection at 1.64 resistance during London peak. CFTC data may trigger volatility; monitor stops near 1.635 support.

Key Levels

R: 1.64000 · 1.64500 · 1.65037

S: 1.63500 · 1.63000 · 1.62360