EURUSD London briefing — 2026-08-17

BIAS NEUTRAL. EMA alignment (H4/H1 bullish) conflicts with RSI overbought (74) and stated bearish bias—no clear directional edge. KEY LEVELS R: 1.16045, 1.165, 1.17 | S: 1.16, 1.155, 1.13753 NEWS 🟡 ECB Lane speech 09:30 UTC | 🟡 NY Empire State Mfg 12:30 UTC | 🟡 NAHB Housing Index 14:00 UTC SESSION OUTLOOK ECB commentary may support EUR; watch for pullback rejection at resistance given overbought conditions. USD data strength could flip bias lower mid-session.

Key Levels

R: 1.16045 · 1.16500 · 1.17000

S: 1.16000 · 1.15500 · 1.13753