EURAUD London briefing — 2026-09-03

BIAS BEARISH. H4 and H1 EMAs aligned downside; D1 structure bullish creates intraday conflict, but shorter timeframe momentum dominates near-term. KEY LEVELS R: 1.62, 1.625, 1.64454 | S: 1.615, 1.61, 1.60531 NEWS 🟡 HCOB Composite PMI (EUR) Thu 08:00 UTC 🟡 Producer Price Index MoM (EUR) Thu 09:00 UTC SESSION OUTLOOK PMI data may trigger volatility around support. Watch 1.615 hold; breach risks 1.61. Weak EUR prints could accelerate bearish momentum.

Key Levels

R: 1.62000 · 1.62500 · 1.64454

S: 1.61500 · 1.61000 · 1.60531