EURGBP London briefing — 2026-05-21

BIAS BEARISH. H1 structure bearish; RSI oversold confirms weakness despite D1 neutral; EMA H4 neutral doesn't override lower-timeframe conviction. KEY LEVELS R: 0.865, 0.87, 0.87308 | S: 0.86233, 0.86, 0.855 NEWS 🔴 HCOB Composite PMI (EUR) Thu 08:00 UTC 🟡 Current Account n.s.a/s.a (EUR) Thu 08:00 UTC SESSION OUTLOOK Eurozone PMI data risks volatility; watch 0.865 resistance hold. Oversold RSI may trigger London bounce, but structure remains lower. PRO UNLOCKS Entry 0.86233 | SL 0.86445 | TP1 0.855 | TP2 0.85 | FVG 0.

Key Levels

R: 0.86500 · 0.87000 · 0.87308

S: 0.86233 · 0.86000 · 0.85500