EURAUD London briefing — 2026-09-21

BIAS BEARISH. D1 structure, H4/H1 EMA alignment, and confluent H4/H1 fair value gaps drive direction lower. KEY LEVELS R: 1.615, 1.62, 1.62518 | S: 1.61, 1.60802, 1.605 NEWS 🔴 Lagarde (ECB) 15:00 UTC | 🟡 Cipollone (ECB) 15:10 UTC | 🔴 Bullock (RBA) Tue 03:10 UTC SESSION OUTLOOK Lagarde speech risks volatility into London close. Watch for reversal rejection at 1.615 resistance; downside pressure toward 1.605 support likely if speech sparks EUR weakness.

Key Levels

R: 1.61500 · 1.62000 · 1.62518

S: 1.61000 · 1.60802 · 1.60500