EURGBP London briefing — 2026-07-02

BIAS BEARISH. EMA alignment (H4/H1 bearish), D1 structure bearish, RSI oversold at 21 confirms downside momentum despite extreme reading. KEY LEVELS R: 0.86, 0.865, 0.87038 | S: 0.85556, 0.855, 0.85 NEWS 🟡 BoE Credit Conditions (08:30 UTC) 🟡 EUR Unemployment (09:00 UTC) 🟡 ECB Elderson Speech (10:00 UTC) SESSION OUTLOOK Watch support hold at 0.85556; EUR data may trigger volatility. Oversold RSI suggests caution on aggressive shorts—watch for pullback before extension lower. PRO UNLOCKS [Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci targets — unlock with Pro]

Key Levels

R: 0.86000 · 0.86500 · 0.87038

S: 0.85556 · 0.85500 · 0.85000