EURUSD London briefing — 2026-05-08

BIAS BULLISH — D1 structure bullish, H4/H1 EMAs aligned upside, RSI neutral supports continuation. KEY LEVELS R: 1.175, 1.1796, 1.18 | S: 1.17, 1.1656, 1.165 NEWS 🟡 Fed Cook speech 09:45 UTC | 🟡 ECB Cipollone speech 12:00 UTC | 🔴 US Avg Hourly Earnings (MoM) 12:30 UTC SESSION OUTLOOK London opens with bullish structure intact. Watch Cook/Cipollone speeches for USD/EUR divergence; Earnings data at 12:30 UTC critical for directional momentum. PRO UNLOCKS Unlock exact entries, SL placement, TP1/TP2, FVG zones, liquidity sweeps, Fibonacci targets — subscribe Pro.

Key Levels

R: 1.17500 · 1.17960 · 1.18000

S: 1.17000 · 1.16560 · 1.16500