EURGBP London briefing — 2026-11-04

BIAS BEARISH. Aligned EMA bearish signals (H4 + H1) combined with downside fair value gaps on both timeframes drive this directional bias. KEY LEVELS R: 0.835, 0.84, 0.84871 | S: 0.83209, 0.83, 0.825 NEWS 🟡 HCOB Composite PMI (EUR) Wed 09:00 UTC 🟡 HCOB Services PMI (EUR) Wed 09:00 UTC 🟡 S&P Global Composite PMI (GBP) Wed 09:30 UTC SESSION OUTLOOK Bearish EMAs target lower support during London open. PMI prints risk volatility around 09:00–09:30 UTC; watch support holds.

Key Levels

R: 0.83500 · 0.84000 · 0.84871

S: 0.83209 · 0.83000 · 0.82500