EURGBP London briefing — 2026-07-16

BIAS BEARISH. H4 and H1 EMAs aligned downward; RSI neutral at 31.66 prevents oversold confirmation, but price structure supports lower moves. KEY LEVELS R: 0.85, 0.855, 0.86375 | S: 0.84536, 0.845, 0.84 NEWS 🟡 EUR Trade Balance n.s.a./s.a. (09:00 UTC) 🟡 GBP 10-y Bond Auction (09:30 UTC) SESSION OUTLOOK London open may see consolidation around 0.847. Watch for support holds; UK auction could trigger GBP volatility. Lower bias intact if support breaks. PRO UNLOCKS Entry 0.8468, SL 0.8522, TP1 0.8453, TP2 0.84, FVG 0.849–0.8

Key Levels

R: 0.85000 · 0.85500 · 0.86375

S: 0.84536 · 0.84500 · 0.84000