EURGBP London briefing — 2026-05-19

BIAS BULLISH. D1 structure dominates despite neutral H4/H1 EMAs and oversold RSI suggesting reversal potential. KEY LEVELS R: 0.87, 0.87308, 0.875 | S: 0.865, 0.86198, 0.86 NEWS 🟡 BoE Breeden speech 08:10 UTC 🟡 EUR Trade Balance (n.s.a./s.a.) 09:00 UTC SESSION OUTLOOK BoE speech may spark GBP volatility early. Watch 0.865 support; breaks above 0.87 confirm upside momentum into London close. PRO UNLOCKS Entry 0.8685 | SL 0.8618 | TP1 0.8700 | TP2 0.8731 | FVG 0.8652–0.8668

Key Levels

R: 0.87000 · 0.87308 · 0.87500

S: 0.86500 · 0.86198 · 0.86000