EURUSD London briefing — 2026-09-02

BIAS BEARISH — D1 structure bearish; H1 EMA bearish; RSI(38) supports downside continuation despite H4 neutrality. KEY LEVELS R: 1.16, 1.165, 1.17109 | S: 1.155, 1.15, 1.14898 NEWS 🟡 ADP Employment Change 12:15 UTC (HIGH) 🟡 Factory Orders 14:00 UTC (MEDIUM) 🔴 MBA Mortgage Applications 11:00 UTC (LOW) SESSION OUTLOOK ADP print could spike volatility. Watch 1.16 resistance rejection into London close for bear confirmation.

Key Levels

R: 1.16000 · 1.16500 · 1.17109

S: 1.15500 · 1.15000 · 1.14898