EURUSD London briefing — 2026-08-12

BIAS NEUTRAL — H4 bullish vs H1 bearish divergence conflicts; RSI midrange (46) offers no conviction despite D1 structure support. KEY LEVELS R: 1.155, 1.159, 1.16 | S: 1.15, 1.145, 1.13542 NEWS 🔴 CPI MoM/YoY (USD) Wed 12:30 UTC — HIGH impact SESSION OUTLOOK CPI print drives session volatility. Watch 1.155 rejection or break; support holds 1.15 into data. Range-bound setup likely pre-print.

Key Levels

R: 1.15500 · 1.15900 · 1.16000

S: 1.15000 · 1.14500 · 1.13542