EURGBP London briefing — 2026-05-07

BIAS BEARISH — D1 structure + H4/H1 EMAs aligned downside; RSI neutral doesn't override multi-timeframe confluence. KEY LEVELS R: 0.865, 0.87, 0.87247 | S: 0.86198, 0.86, 0.855 NEWS 🟡 S&P Global Construction PMI (GBP) 08:30 UTC 🔴 Retail Sales YoY (EUR) 09:00 UTC 🟡 Retail Sales MoM (EUR) 09:00 UTC SESSION OUTLOOK EUR data at 09:00 may trigger volatility; watch rejection at 0.865 resistance. Bearish structure intact unless 0.87 breaks decisively. PRO UNLOCKS Unlock exact entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci

Key Levels

R: 0.86500 · 0.87000 · 0.87247

S: 0.86198 · 0.86000 · 0.85500