EURAUD London briefing — 2026-09-02

BIAS BEARISH — H4 and H1 EMAs aligned downside; RSI neutral at 48.95 supports continuation risk rather than reversal. KEY LEVELS R: 1.62, 1.625, 1.64454 | S: 1.615, 1.61, 1.60531 NEWS 🟡 S&P Global Composite PMI (AUD) — Wed 23:00 UTC 🟡 S&P Global Services PMI (AUD) — Wed 23:00 UTC 🟡 Exports MoM (AUD) — Thu 01:30 UTC SESSION OUTLOOK AUD data tonight could trigger volatility. Watch 1.615 hold; break below signals fresh lows toward 1.61.

Key Levels

R: 1.62000 · 1.62500 · 1.64454

S: 1.61500 · 1.61000 · 1.60531