EURAUD London briefing — 2026-10-16

BIAS BULLISH. D1 + EMA H4 + EMA H1 trend vote combined with H4 fair value gaps drive upside bias despite bearish H1 FVGs. KEY LEVELS R: 1.62, 1.625, 1.6335 | S: 1.615, 1.61, 1.59343 NEWS 🟡 Core CPI MoM (EUR) – 09:00 UTC 🟡 Core CPI YoY (EUR) – 09:00 UTC 🟡 CPI MoM (EUR) – 09:00 UTC SESSION OUTLOOK London opens into three medium-impact inflation prints; watch CPI reaction for trend confirmation or rejection into resistance. H4 structure supports holds if data stabilises.

Key Levels

R: 1.62000 · 1.62500 · 1.63350

S: 1.61500 · 1.61000 · 1.59343