EURGBP London briefing — 2026-07-31

BIAS BULLISH. D1 structure bullish; H4 EMA confirms upside. RSI neutral (49.83) leaves room to run without overbought risk. H1 divergence noted but subordinate to higher timeframes. KEY LEVELS R: 0.8593, 0.86, 0.865 | S: 0.855, 0.85, 0.84536 NEWS 🔴 Core CPI MoM (EUR) — 09:00 UTC 🔴 Core CPI YoY (EUR) — 09:00 UTC 🔴 CPI MoM (EUR) — 09:00 UTC SESSION OUTLOOK EUR inflation prints drive volatility into London open. Watch 0.8593 resistance; break above targets 0.86. Soft data could trigger pullback to 0.855 support.

Key Levels

R: 0.85930 · 0.86000 · 0.86500

S: 0.85500 · 0.85000 · 0.84536