EURAUD London briefing — 2026-08-28

BIAS BEARISH. H1/H4 EMAs aligned downward, RSI deeply oversold at 23 signals exhaustion selling, D1 structure confirms downtrend. KEY LEVELS R: 1.62, 1.625, 1.64454 | S: 1.61681, 1.615, 1.61 NEWS 🟡 Business Climate (EUR) 09:00 UTC 🟡 Consumer Confidence (EUR) 09:00 UTC 🟡 Economic Sentiment Indicator (EUR) 09:00 UTC SESSION OUTLOOK Three medium EUR data points hit together at London open—watch for volatility spike and potential relief bounce off oversold RSI before continuation lower.

Key Levels

R: 1.62000 · 1.62500 · 1.64454

S: 1.61681 · 1.61500 · 1.61000