EURAUD London briefing — 2026-09-04

BIAS BEARISH — H4 and H1 EMAs aligned downside; RSI neutral at 40.79 prevents overbought exhaustion; D1 structure holds but lower timeframes dictate near-term direction. KEY LEVELS R: 1.615, 1.62, 1.64454 | S: 1.61, 1.60531, 1.605 NEWS 🟡 ECB Lane speech 09:00 UTC 🟡 EUR Retail Sales MoM 09:00 UTC 🔴 EUR Retail Sales YoY 09:00 UTC SESSION OUTLOOK ECB speech and retail data (YoY) hit at London open—EUR volatility expected. Watch 1.615 resistance; break below 1.61 confirms bearish structure.

Key Levels

R: 1.61500 · 1.62000 · 1.64454

S: 1.61000 · 1.60531 · 1.60500