EURUSD London briefing — 2026-08-31

BIAS BEARISH — Daily structure bearish; H1/H4 EMAs neutral but RSI(46.86) lacks upside momentum; lower timeframes offer no bullish confirmation. KEY LEVELS R: 1.16, 1.165, 1.17109 | S: 1.155, 1.15, 1.14898 NEWS 🟡 Dallas Fed Manufacturing (14:30 UTC) 🟡 3M Bill Auction (15:30 UTC) 🟡 6M Bill Auction (15:30 UTC) SESSION OUTLOOK London open into USD data risks dip-buying at resistance. Watch 1.16 rejection for fresh downside momentum toward 1.155.

Key Levels

R: 1.16000 · 1.16500 · 1.17109

S: 1.15500 · 1.15000 · 1.14898