EURUSD London briefing — 2026-08-26

BIAS BULLISH. H4 EMA uptrend with RSI neutral at midpoint supports continuation; D1 neutral structure leaves room without resistance pressure yet. KEY LEVELS R: 1.17, 1.17109, 1.175 | S: 1.165, 1.16, 1.1512 NEWS 🟡 ECB Cipollone speech 10:10 UTC 🔴 Core PCE MoM 12:30 UTC 🟡 MBA Mortgage Apps 11:00 UTC SESSION OUTLOOK PCE data at 12:30 is the session driver—soft read supports EUR strength, hot print risks reversal toward resistance. Watch 1.17 hold.

Key Levels

R: 1.17000 · 1.17109 · 1.17500

S: 1.16500 · 1.16000 · 1.15120