EURAUD London briefing — 2026-08-19

BIAS BEARISH. Daily structure bearish; RSI overbought (69.9) signals pullback risk despite H1 bullish EMA—divergence creates weakness into resistance. KEY LEVELS R: 1.645, 1.65037 | S: 1.635, 1.63, 1.62554 NEWS 🟡 Core Harmonized CPI MoM (EUR) 09:00 UTC 🔴 Current Account data (EUR) 08:00 UTC SESSION OUTLOOK Watch Core CPI for EUR momentum. Overbought RSI likely to fade; sellers targeting 1.64 resistance into London peak.

Key Levels

R: 1.64000 · 1.64500 · 1.65037

S: 1.63500 · 1.63000 · 1.62554