EURGBP London briefing — 2026-09-04

BIAS NEUTRAL. H4 bullish EMA conflicts with H1 neutral and D1 neutral structure; RSI 51.85 offers no directional conviction. KEY LEVELS R: 0.86, 0.86157, 0.865 | S: 0.855, 0.85, 0.84888 NEWS 🔴 BoE Governor Bailey speech 08:50 UTC | 🟡 ECB Lane speech 09:00 UTC | 🟡 S&P Global Construction PMI 08:30 UTC SESSION OUTLOOK Bailey speech dominates. GBP volatility expected; watch 0.86 resistance if sterling rallies. Lack of H1 momentum suggests caution on breakout trades.

Key Levels

R: 0.86000 · 0.86157 · 0.86500

S: 0.85500 · 0.85000 · 0.84888