EURUSD London briefing — 2026-09-03

BIAS BULLISH — H4 EMA uptrend with RSI neutral at 55.76 supports continuation, though H1 divergence and flat D1 structure warrant caution on conviction. KEY LEVELS R: 1.165, 1.17, 1.17109 | S: 1.16, 1.155, 1.14898 NEWS 🟡 HCOB Composite PMI (EUR) — 08:00 UTC 🟡 Producer Price Index MoM (EUR) — 09:00 UTC 🟡 HCOB Services PMI (EUR) — 08:00 UTC SESSION OUTLOOK PMI data at London open could trigger volatility; watch 1.165 rejection or break above 1.17 as directional signal. H1 consolidation may precede H4 trend acceleration.

Key Levels

R: 1.16500 · 1.17000 · 1.17109

S: 1.16000 · 1.15500 · 1.14898