EURAUD London briefing — 2026-10-23

BIAS BEARISH. H4 and H1 EMAs aligned downside; H4 fair value gaps confirm; D1 trend vote supports lower momentum despite bullish structure. KEY LEVELS R: 1.6335, 1.605, 1.6 | S: 1.59343, 1.595, 1.59 NEWS 🔴 HCOB Composite PMI (EUR) Fri 08:00 UTC 🔴 HCOB Manufacturing PMI (EUR) Fri 08:00 UTC 🔴 HCOB Services PMI (EUR) Fri 08:00 UTC SESSION OUTLOOK London opens into three high-impact EUR data releases. Watch for H1 pullback into bearish FVG zones before lower bound test at 1.595.

Key Levels

R: 1.60000 · 1.60500 · 1.63350

S: 1.59500 · 1.59343 · 1.59000