EURGBP London briefing — 2026-08-31

BIAS BEARISH. H4/H1 EMAs divergent on neutral, RSI at midpoint—but D1 structure + price proximity to support clusters suggest downside bias over reversal. KEY LEVELS R: 0.85942, 0.86, 0.865 | S: 0.855, 0.85, 0.84888 NEWS 🟡 BRC Shop Price Index YoY (Mon 31 Aug, 23:01 UTC) 🟡 Nationwide Housing Prices (Tue 01 Sep, 06:00 UTC) SESSION OUTLOOK London open into mild GBP data. Watch rejection at 0.85942 resistance; breaks below 0.855 confirm downside momentum.

Key Levels

R: 0.85942 · 0.86000 · 0.86500

S: 0.85500 · 0.85000 · 0.84888