EURAUD London briefing — 2026-09-23

BIAS BEARISH. Trend vote (D1+H4+H1 EMA), H4 and H1 fair value gaps, and low-sweep liquidity confirm downside bias despite neutral RSI. KEY LEVELS R: 1.61, 1.615, 1.62276 | S: 1.60794, 1.605, 1.6 NEWS 🔴 HCOB Composite PMI (EUR) 08:00 UTC 🔴 HCOB Manufacturing PMI (EUR) 08:00 UTC 🟡 Vujčić speech (ECB) 07:00 UTC SESSION OUTLOOK PMI data at 08:00 drives EUR volatility. Watch support holds; weak manufacturing could extend bearish momentum into London's mid-session.

Key Levels

R: 1.61000 · 1.61500 · 1.62276

S: 1.60794 · 1.60500 · 1.60000