EURAUD London briefing — 2026-11-04

BIAS BULLISH. Trend vote (D1 + EMA H4 + EMA H1) and H4 fair value gaps drive direction; liquidity sweep of highs and H1 FVG gaps oppose but remain secondary. KEY LEVELS R: 1.61, 1.615, 1.62642 | S: 1.605, 1.6, 1.57766 NEWS 🔴 Core CPI (EUR) Wed 10:00 UTC | 🟡 HCOB Composite PMI Wed 09:00 UTC SESSION OUTLOOK Core CPI print critical for EUR strength conviction. Watch acceptance above 1.61 resistance; H1 FVG bearish setup may cap upside near 1.615 before London close.

Key Levels

R: 1.61000 · 1.61500 · 1.62642

S: 1.60500 · 1.60000 · 1.57766