EURUSD London briefing — 2026-08-28

BIAS BEARISH. H1 bearish EMA diverges from H4 neutral; RSI 39.55 supports downside pressure despite daily structure remaining neutral. KEY LEVELS R: 1.165, 1.17, 1.17109 | S: 1.16, 1.155, 1.1512 NEWS 🟡 Business Climate (EUR) 09:00 UTC 🟡 Consumer Confidence (EUR) 09:00 UTC 🟡 Economic Sentiment Indicator (EUR) 09:00 UTC SESSION OUTLOOK Three medium-impact EUR releases at London open may trigger volatility. Watch for breaks below 1.16 support or rejection at 1.165 resistance.

Key Levels

R: 1.16500 · 1.17000 · 1.17109

S: 1.16000 · 1.15500 · 1.15120