EURUSD London briefing — 2026-08-20

BIAS NEUTRAL — RSI overbought signals pullback risk, yet H1/H4 EMAs remain bullish and D1 structure supports upside. Conflicting timeframes warrant caution. KEY LEVELS R: 1.16898, 1.17, 1.175 | S: 1.165, 1.16, 1.15018 NEWS 🟡 Construction Output (EUR) 09:00 UTC 🟡 Continuing Jobless Claims (USD) 12:30 UTC SESSION OUTLOOK Watch 1.16898 resistance for momentum confirmation. Low-impact data unlikely to drive sustained moves; overbought conditions may trigger intraday mean reversion.

Key Levels

R: 1.16898 · 1.17000 · 1.17500

S: 1.16500 · 1.16000 · 1.15018