EURGBP London briefing — 2026-05-08

BIAS BEARISH. D1 structure dominates hierarchy despite H1 bullish EMA; RSI neutral confirms absence of conviction. KEY LEVELS R: 0.865, 0.87, 0.87196 | S: 0.86198, 0.86, 0.855 NEWS 🔴 BoE Bailey speech 12:20 UTC 🟡 ECB Cipollone speech 12:00 UTC 🟡 ECB Schnabel speech 16:00 UTC SESSION OUTLOOK Bailey's speech at 12:20 UTC is primary volatility trigger for GBP strength. Watch support holds below 0.86198 through European overlap. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci confluences — unlock with Pro.

Key Levels

R: 0.86500 · 0.87000 · 0.87196

S: 0.86198 · 0.86000 · 0.85500