EURGBP London briefing — 2026-10-23

BIAS BEARISH. D1 + H4 + H1 trend alignment, H4 and H1 fair value gaps, and lows sweep liquidity all confirm downside continuation despite neutral RSI. KEY LEVELS R: 0.84, 0.845, 0.86123 | S: 0.83684, 0.835, 0.83 NEWS 🔴 HCOB Composite PMI (EUR) — Fri 08:00 UTC 🔴 HCOB Manufacturing PMI (EUR) — Fri 08:00 UTC 🔴 HCOB Services PMI (EUR) — Fri 08:00 UTC SESSION OUTLOOK High-impact EUR data may spike volatility at London open. Watch for reaction from support cluster near 0.835; bearish structure favors lower levels on PMI misses.

Key Levels

R: 0.84000 · 0.84500 · 0.86123

S: 0.83684 · 0.83500 · 0.83000