EURUSD London briefing — 2026-07-29

BIAS BEARISH — D1 structure confirms downtrend; H1/H4 EMAs neutral but RSI 55 lacks conviction, suggesting weakness rather than strength. KEY LEVELS R: 1.14, 1.145, 1.14818 | S: 1.13542, 1.135, 1.13 NEWS 🔴 Fed Interest Rate Decision — Wed 29 Jul, 18:00 UTC 🟡 EIA Crude Oil Stocks — Wed 29 Jul, 14:30 UTC 🟡 MBA Mortgage Apps — Wed 29 Jul, 11:00 UTC SESSION OUTLOOK London opens with Fed decision looming. Watch 1.14 resistance; break below 1.135 confirms bearish intent ahead of 18:00 announcement. PRO UNLOCKS [Entry zones, SL, TP cascades, FVG sweeps, liquidity

Key Levels

R: 1.14000 · 1.14500 · 1.14818

S: 1.13542 · 1.13500 · 1.13000