EURGBP London briefing — 2026-11-05

BIAS BEARISH. D1 trend + H4 EMA + H1 EMA combined with H4 and H1 fair value gaps all aligned downside; RSI neutral confirms no oversold exhaustion yet. KEY LEVELS R: 0.835, 0.84, 0.84854 | S: 0.83209, 0.83, 0.825 NEWS 🟡 ECB Schnabel speech 08:05 UTC 🟡 S&P Global Construction PMI 09:30 UTC 🟡 Producer Price Index (MoM) 10:00 UTC SESSION OUTLOOK London open may test resistance into Schnabel speech; watch for EUR volatility affecting downside targets. Construction PMI and PPI could alter near-term momentum.

Key Levels

R: 0.83500 · 0.84000 · 0.84854

S: 0.83209 · 0.83000 · 0.82500