EURGBP London briefing — 2026-07-20

BIAS BEARISH. H4/H1 EMAs aligned downside; RSI neutral (42) lacks conviction, but daily structure remains bullish—conflicting timeframes favor lower bias on shorter frames. KEY LEVELS R: 0.85, 0.855, 0.86207 | S: 0.84536, 0.845, 0.84 NEWS 🟡 EUR Construction Output (Mon 09:00 UTC) | 🟡 GBP Earnings (Tue 06:00 UTC) SESSION OUTLOOK Watch 0.85 resistance rejection into London open. EUR data Tuesday could shift momentum; today focus on H4 support hold at 0.84536. PRO UNLOCKS Entry confirmation, SL placement, TP sequencing, FVG sweep zones, liquidity targets—unlock with Pro.

Key Levels

R: 0.85000 · 0.85500 · 0.86207

S: 0.84536 · 0.84500 · 0.84000