EURUSD Asia briefing — 2026-05-21

BIAS BEARISH — D1 structure dominates; H4 confirms downside despite H1 neutrality and balanced RSI. KEY LEVELS R: 1.165, 1.17, 1.18088 | S: 1.16, 1.15833, 1.155 NEWS 🔴 HCOB Composite PMI (EUR) — 08:00 UTC 🟡 Current Account n.s.a & s.a (EUR) — 08:00 UTC SESSION OUTLOOK PMI release at 08:00 UTC will dictate early momentum. Watch 1.16 hold; break below triggers acceleration toward 1.15833. PRO UNLOCKS Entry 1.1610, SL 1.1665, TP1 1.1583, TP2 1.1550 — Fibonacci 38.2% retracement, institutional sweep at 1

Key Levels

R: 1.16500 · 1.17000 · 1.18088

S: 1.16000 · 1.15833 · 1.15500