EURUSD Asia briefing — 2026-05-05

BIAS BEARISH. H1 EMA bearish diverges with neutral D1; RSI 39.1 supports downside bias via hierarchy escalation. KEY LEVELS R: 1.17, 1.175, 1.18488 | S: 1.1656, 1.165, 1.16 NEWS 🔴 ECB President Lagarde Speech — Tue 05 May 12:30 UTC 🟡 Goods Trade Balance (USD) — Tue 05 May 12:30 UTC SESSION OUTLOOK Asia session likely subdued until Lagarde speech at London open. Speech volatility may trigger break toward support; monitor 1.17 resistance rejection. PRO UNLOCKS Entry: 1.16921 short at H1 EMA cross | SL: 1.1725 | TP1: 1.165 | TP2: 1.16

Key Levels

R: 1.17000 · 1.17500 · 1.18488

S: 1.16560 · 1.16500 · 1.16000