EURGBP New York briefing — 2026-10-16

BIAS BEARISH. D1 structure, H4 EMA, and H1 EMA alignment combine with bearish H4 fair value gaps to drive downside bias; RSI neutral supports continuation without oversold reversal signal. KEY LEVELS R: 0.845, 0.85, 0.86125 | S: 0.84151, 0.84, 0.835 NEWS CFTC EUR NC Net Positions 🟡 Fri 19:30 UTC | CFTC GBP NC Net Positions 🟡 Fri 19:30 UTC SESSION OUTLOOK New York open tests support structure as CFTC data releases approach. Watch 0.84151 hold; break confirms lower leg toward 0.84.

Key Levels

R: 0.84500 · 0.85000 · 0.86125

S: 0.84151 · 0.84000 · 0.83500