EURGBP London briefing — 2026-05-11

BIAS BULLISH — D1 structure bullish overrides H1/H4 divergence; RSI neutral supports continuation without overbought rejection. KEY LEVELS R: 0.87, 0.87001, 0.875 | S: 0.865, 0.86198, 0.86 NEWS 🟡 BRC Retail Sales (GBP) Mon 23:01 UTC 🟡 ZEW Sentiment (EUR) Tue 09:00 UTC 🟡 ECB Elderson Speech (EUR) Tue 10:40 UTC SESSION OUTLOOK London opens with momentum toward 0.87 resistance. Medium-impact GBP retail data tonight may trigger intraday volatility; monitor hold above 0.865 support for continuation. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweep, Fibonacci

Key Levels

R: 0.87000 · 0.87001 · 0.87500

S: 0.86500 · 0.86198 · 0.86000