EURGBP London briefing — 2026-08-06

BIAS NEUTRAL — D1 bearish structure conflicts with aligned bullish H4/H1 EMAs; RSI 59 offers no conviction. KEY LEVELS R: 0.8593, 0.86, 0.865 | S: 0.855, 0.85, 0.848 NEWS 🟡 Economic Bulletin (EUR) 08:00 UTC 🟡 S&P Global Construction PMI (GBP) 08:30 UTC 🟡 Retail Sales MoM (EUR) 09:00 UTC SESSION OUTLOOK Three medium-impact EUR/GBP events cluster in first 90 minutes. Watch volatility around 0.86 resistance; data surprises could break intraday bias either direction.

Key Levels

R: 0.85930 · 0.86000 · 0.86500

S: 0.85500 · 0.85000 · 0.84800