EURAUD London briefing — 2026-08-20

BIAS BEARISH. RSI overbought at 70.15 on daily bearish structure, though H1 bullish EMA creates near-term conflict—daily bias dominates. KEY LEVELS R: 1.645, 1.65, 1.65037 | S: 1.64, 1.635, 1.62554 NEWS 🟡 Construction Output s.a./w.d.a (EUR) – Thu 09:00 UTC 🟡 ECB Sleijpen speech – Thu 19:30 UTC SESSION OUTLOOK Early London may probe 1.645 resistance on H1 momentum before daily bearish pull reasserts. Watch Sleijpen for EUR directional cues.

Key Levels

R: 1.64500 · 1.65000 · 1.65037

S: 1.64000 · 1.63500 · 1.62554