EURGBP London briefing — 2026-05-12

BIAS BULLISH. H1 EMA bullish structure overrides D1 neutrality; RSI 64 supports upside momentum into London. KEY LEVELS R: 0.86894, 0.87, 0.875 | S: 0.86512, 0.865, 0.86 NEWS 🟡 ZEW Economic Sentiment (EUR) – Tue 09:00 UTC 🟡 ECB Elderson Speech (EUR) – Tue 10:40 UTC 🟡 Employment Change QoQ (EUR) – Wed 09:00 UTC SESSION OUTLOOK Watch ZEW print for EUR strength confirmation. Elderson speech may cap upside if hawkish; break 0.86894 targets 0.87 resistance. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci

Key Levels

R: 0.86894 · 0.87000 · 0.87500

S: 0.86500 · 0.86198 · 0.86000