EURUSD London briefing — 2026-05-07

BIAS BULLISH — D1 structure bullish, H4/H1 EMAs aligned upward, RSI neutral supports continuation. KEY LEVELS R: 1.17969 | 1.18 | 1.185 | S: 1.175 | 1.17 | 1.1656 NEWS 🔴 Retail Sales YoY (EUR) Thu 09:00 UTC 🟡 Retail Sales MoM (EUR) Thu 09:00 UTC 🟡 Challenger Job Cuts (USD) Thu 11:30 UTC SESSION OUTLOOK EUR data at London open may test resistance 1.18. USD weakness from job cuts could extend bias higher. PRO UNLOCKS Entry 1.1768 | SL 1.1740 | TP1 1.1810 | TP2 1.1865 | FVG 1.1

Key Levels

R: 1.17969 · 1.18000 · 1.18500

S: 1.17500 · 1.17000 · 1.16560