EURGBP London briefing — 2026-05-06

BIAS BEARISH. D1 bearish structure confirmed by aligned H4/H1 EMA downtrends; RSI neutral supports continuation without reversal signal. KEY LEVELS R: 0.865, 0.87, 0.87247 | S: 0.86198, 0.86, 0.855 NEWS 🟡 ECB Lane speech (Wed 08:00 UTC) 🟡 HCOB Composite PMI (Wed 08:00 UTC) 🟡 HCOB Services PMI (Wed 08:00 UTC) SESSION OUTLOOK ECB rhetoric and PMI data risk volatility around 08:00 UTC. Watch 0.865 resistance rejection to confirm bearish continuation into London session. PRO UNLOCKS Entry 0.8628, SL 0.8655, TP1 0.86, TP2 0.855

Key Levels

R: 0.86500 · 0.87000 · 0.87247

S: 0.86198 · 0.86000 · 0.85500