EURUSD London briefing — 2026-05-06

BIAS BULLISH. H4 EMA bullish structure overrides neutral D1; RSI neutral supports continuation rather than reversal. KEY LEVELS R: 1.175, 1.18, 1.18488 | S: 1.17, 1.1656, 1.165 NEWS 🟡 ECB Lane speech — 08:00 UTC 🟡 HCOB Composite PMI — 08:00 UTC 🟡 HCOB Services PMI — 08:00 UTC SESSION OUTLOOK Early London opens into ECB data confluence. Watch reaction at 1.175 resistance; break unlocks 1.18. PRO UNLOCKS Entry 1.1732 | SL 1.1665 | TP1 1.1755 | TP2 1.1825 | FVG 1.1698–1.1710 |

Key Levels

R: 1.17500 · 1.18000 · 1.18488

S: 1.17000 · 1.16560 · 1.16500