EURGBP London briefing — 2026-09-11

BIAS BEARISH. D1 structure confirms downtrend; H1 EMA bearish despite H4 neutral and RSI mid-range—lower timeframe conviction supports sellers. KEY LEVELS R: 0.86157, 0.865 | S: 0.855, 0.85, 0.84888 NEWS 🔴 ECB President Lagarde speech, 14:00 UTC (EUR volatility expected) 🟡 Consumer Inflation Expectations (GBP), 08:30 UTC 🟡 NIESR GDP Estimate, 11:00 UTC SESSION OUTLOOK London opens with inflation data; Lagarde's 14:00 speech is the session heavyweight. Watch 0.855 hold; break below targets 0.85.

Key Levels

R: 0.86000 · 0.86157 · 0.86500

S: 0.85500 · 0.85000 · 0.84888