EURGBP Asia briefing — 2026-10-05

BIAS BEARISH. Trend vote (D1 + H4 + H1 EMAs), H4/H1 fair value gaps, and liquidity sweep of lows drive direction despite RSI oversold at 22.55. KEY LEVELS R: 0.85, 0.855, 0.86125 | S: 0.84935, 0.845, 0.84 NEWS 🟡 ECB Nagel speech 07:45 UTC 🟡 ECB Lane speech 08:00 UTC 🟡 HCOB Composite PMI 08:00 UTC SESSION OUTLOOK Watch ECB rhetoric for EUR weakness confirmation. Oversold RSI may trigger relief bounces into resistance; bearish structure intact below 0.85.

Key Levels

R: 0.85000 · 0.85500 · 0.86125

S: 0.84935 · 0.84500 · 0.84000