EURUSD London briefing — 2026-09-01

BIAS BEARISH — H1 EMA bearish with RSI neutral (47.54) signals weak upside; D1 neutral structure contains the move; hourly bias dominates near-term direction. KEY LEVELS R: 1.16, 1.165, 1.17109 | S: 1.155, 1.15, 1.14898 NEWS 🔴 Core CPI MoM/YoY (EUR) 09:00 UTC | 🟡 HCOB Mfg PMI (EUR) 08:00 UTC SESSION OUTLOOK ECB data risks could trigger volatility toward resistance. Watch Core CPI reaction; weak print supports downside continuation toward 1.155.

Key Levels

R: 1.16000 · 1.16500 · 1.17109

S: 1.15500 · 1.15000 · 1.14898