EURAUD London briefing — 2026-11-05

BIAS BEARISH. Daily structure and H4/H1 EMA combined vote override neutral RSI and bullish FVGs. KEY LEVELS R: 1.605, 1.61, 1.62642 | S: 1.6, 1.595, 1.57766 NEWS 🟡 ECB Schnabel speech – 08:05 UTC 🟡 EUR PPI (MoM/YoY) – 10:00 UTC SESSION OUTLOOK London opens into Schnabel remarks; PPI data follows. Watch 1.605 resistance rejection and 1.6 support hold for downside continuation.

Key Levels

R: 1.60500 · 1.61000 · 1.62642

S: 1.60000 · 1.59500 · 1.57766