EURGBP London briefing — 2026-10-16

BIAS BEARISH. D1 + H4 + H1 EMA alignment and H4 fair value gaps sustain downside pressure despite neutral RSI. KEY LEVELS R: 0.845, 0.85, 0.86125 | S: 0.84151, 0.84, 0.835 NEWS 🟡 Core CPI MoM/YoY (EUR) — 09:00 UTC 🟡 Harmonized CPI MoM (EUR) — 09:00 UTC SESSION OUTLOOK EUR inflation data at London open may trigger volatility. Watch support holds at 0.84151 as cascade target.

Key Levels

R: 0.84500 · 0.85000 · 0.86125

S: 0.84151 · 0.84000 · 0.83500