EURUSD Asia briefing — 2026-05-18

BIAS BEARISH — D1 structure bearish, H4/H1 aligned downward, RSI deeply oversold at 20.31 signals exhaustion-driven continuation. KEY LEVELS R: 1.165, 1.17, 1.18088 | S: 1.1613, 1.16, 1.155 NEWS 🟡 ECB Elderson speech (EUR) Mon 18 May 07:30 UTC 🟡 NAHB Housing Index (USD) Mon 18 May 14:00 UTC 🟡 3M Bill Auction (USD) Mon 18 May 15:30 UTC SESSION OUTLOOK Asia session likely consolidates near support as oversold conditions recover slightly. Watch Elderson speech for EUR catalyst before London open. PRO UNLOCKS Exact entries, SL/TP clusters, FVG zones, liquidity sweeps, Fibonacci targets

Key Levels

R: 1.16500 · 1.17000 · 1.18088

S: 1.16130 · 1.16000 · 1.15500