EURAUD London briefing — 2026-09-10

BIAS BEARISH. D1 structure confirms downside; H1/H4 EMA neutrality suggests caution, but RSI 58 (neutral zone) lacks bullish conviction. KEY LEVELS R: 1.615, 1.62, 1.63324 | S: 1.61, 1.60531, 1.605 NEWS 🔴 ECB Main Refinancing Operations Rate (EUR) – Thu 12:15 UTC 🔴 ECB Monetary Policy Statement (EUR) – Thu 12:15 UTC 🔴 ECB Rate On Deposit Facility (EUR) – Thu 12:15 UTC SESSION OUTLOOK ECB decision imminent; volatility expected around 12:15 UTC. Watch if rate hold/cut fuels EUR weakness into London close. Bears need close below 1.61.

Key Levels

R: 1.61500 · 1.62000 · 1.63324

S: 1.61000 · 1.60531 · 1.60500