EURUSD London briefing — 2026-05-04

BIAS BULLISH. H4 EMA bullish structure anchors despite neutral D1; RSI at midline offers upside potential. KEY LEVELS R: 1.175, 1.18, 1.18488 | S: 1.17, 1.1656, 1.165 NEWS 🟡 HCOB Manufacturing PMI (EUR) 08:00 UTC 🟡 Sentix Investor Confidence (EUR) 08:30 UTC 🟡 ECB Cipollone speech 11:30 UTC SESSION OUTLOOK Watch PMI/Sentix reaction near 1.175 resistance. Cipollone speech may trigger volatility; hold above 1.17 support for continuation. PRO UNLOCKS Entry zones, SL placement, TP targets, FVG liquidity sweeps, Fibonacci extensions — unlock with Pro subscription.

Key Levels

R: 1.17500 · 1.18000 · 1.18488

S: 1.17000 · 1.16560 · 1.16500