EURGBP Asia briefing — 2026-05-21

BIAS BEARISH — H1 structure confirms downtrend; RSI oversold creates bounce risk but D1 neutral prevents reversal conviction. KEY LEVELS R: 0.87, 0.87308, 0.875 | S: 0.865, 0.86233, 0.86 NEWS 🔴 HCOB Composite PMI (EUR) — Thu 08:00 UTC [HIGH] 🟡 Current Account n.s.a/s.a (EUR) — Thu 08:00 UTC [LOW] SESSION OUTLOOK Watch PMI release for EUR weakness continuation. RSI oversold may spark tactical bounce toward 0.87 before sellers resume. PRO UNLOCKS Entry 0.8638 | SL 0.8660 | TP1 0.8623 | TP2 0.8600 | FVG: 0.8665–0

Key Levels

R: 0.87000 · 0.87308 · 0.87500

S: 0.86500 · 0.86233 · 0.86000