EURGBP London briefing — 2026-08-21

BIAS BULLISH. H4 EMA bullish structure supports upside despite H1 neutral and RSI mid-range; D1 neutral keeps conviction moderate. KEY LEVELS R: 0.85998, 0.86, 0.865 | S: 0.855, 0.85102, 0.85 NEWS 🔴 HCOB Composite/Manufacturing/Services PMI (EUR) — 08:00 UTC. High impact; data-dependent momentum likely. SESSION OUTLOOK PMI prints drive early London direction. Watch 0.85998 resistance for breakdown conviction. Divergent timeframes suggest choppy structure until data clears.

Key Levels

R: 0.85998 · 0.86000 · 0.86500

S: 0.85500 · 0.85102 · 0.85000