EURGBP London briefing — 2026-07-08

BIAS BEARISH — EMA H4/H1 aligned downtrend, RSI oversold at 25.28 offers potential bounce target, D1 structure confirms weakness. KEY LEVELS R: 0.86, 0.865, 0.87038 | S: 0.855, 0.85363, 0.85 NEWS 🟡 RICS Housing Price Balance (GBP) Wed 23:01 UTC 🟡 BoE Breeden speech (GBP) Thu 09:30 UTC 🟡 ECB Vujčić speech (EUR) Fri 07:15 UTC SESSION OUTLOOK London open likely tests support; watch for GBP reaction to housing data tonight. Oversold RSI could trigger mean reversion into resistance. PRO UNLOCKS Entry zones, exact SL/TP placement, FVG liquidity sweeps, Fibonacci confluence

Key Levels

R: 0.86000 · 0.86500 · 0.87038

S: 0.85500 · 0.85363 · 0.85000