EURGBP London briefing — 2026-09-02

BIAS NEUTRAL. H4 EMA bullish conflicts with H1 neutral and RSI mid-range; D1 structure offers no conviction. Divergence prevents a reliable directional edge. KEY LEVELS R: 0.85942 | 0.86 | 0.865 | S: 0.855 | 0.85 | 0.84888 NEWS 🟡 HCOB Composite PMI (EUR) — Thu 03 Sep, 08:00 UTC 🟡 HCOB Services PMI (EUR) — Thu 03 Sep, 08:00 UTC 🟡 S&P Global Composite PMI (GBP) — Thu 03 Sep, 08:30 UTC SESSION OUTLOOK Watch for PMI prints tomorrow morning; today expect range-bound consolidation. Breaks beyond 0.86 or below 0.855 signal directional bias.

Key Levels

R: 0.85942 · 0.86000 · 0.86500

S: 0.85500 · 0.85000 · 0.84888