EURGBP London briefing — 2026-09-16

BIAS BEARISH. D1 structure confirms downtrend; RSI neutral at midpoint allows continuation without overbought rejection; H4/H1 divergence signals caution but doesn't negate the macro bias. KEY LEVELS R: 0.86157, 0.865 | S: 0.855, 0.85, 0.84888 NEWS 🟡 EUR Industrial Production (MoM/YoY) Wed 09:00 UTC | 🔴 GBP House Price Index (YoY) Wed 08:30 UTC SESSION OUTLOOK EUR data drops first; watch for GBP reaction mid-session. Bearish structure targets support if sellers hold above 0.86 resistance.

Key Levels

R: 0.86000 · 0.86157 · 0.86500

S: 0.85500 · 0.85000 · 0.84888