EURAUD London briefing — 2026-10-07

BIAS BEARISH. D1 + H4 + H1 trend alignment and dual H4/H1 fair value gaps drive directional pressure lower; RSI neutral confirms no oversold rejection yet. KEY LEVELS R: 1.615, 1.62, 1.6335 | S: 1.61, 1.60685, 1.605 NEWS 🟡 ECB Vujčić speech (Wed 07:20 UTC, 17:30 UTC) 🟡 AUD Consumer Inflation Expectations (Thu 00:00 UTC) SESSION OUTLOOK London opens with bearish structure intact. Vujčić morning speech may trigger volatility; watch 1.61 hold as first support test.

Key Levels

R: 1.61500 · 1.62000 · 1.63350

S: 1.61000 · 1.60685 · 1.60500