EURGBP London briefing — 2026-10-01

BIAS BEARISH. Trend vote (D1+H4+H1), H4/H1 fair value gaps, and oversold RSI(14) at 25.99 drive downside despite liquidity sweep of lows. KEY LEVELS R: 0.855, 0.86, 0.86125 | S: 0.85376, 0.85, 0.845 NEWS 🟡 ECB Cipollone speech 08:20 UTC | 🔴 HCOB Manufacturing PMI (EUR) 08:00 UTC | 🔴 S&P Global Manufacturing PMI (GBP) 08:30 UTC SESSION OUTLOOK ECB speech volatility could trigger H4 FVG flush. Watch support holds—sweep of lows may precede continuation lower into London.

Key Levels

R: 0.85500 · 0.86000 · 0.86125

S: 0.85376 · 0.85000 · 0.84500