EURUSD London briefing — 2026-05-11

BIAS BULLISH — D1 structure dominates; H4 EMA bullish overrides neutral H1 despite RSI hovering mid-range. KEY LEVELS R: 1.18, 1.18088, 1.185 | S: 1.175, 1.17, 1.1656 NEWS 🟡 Existing Home Sales Change (MoM) 14:00 UTC 🔴 3-Month Bill Auction 15:30 UTC SESSION OUTLOOK US data arrives mid-session; watch for dollar weakness post-auction. Buyers should defend 1.175 support. PRO UNLOCKS Entry 1.1785, SL 1.1738, TP1 1.18088, TP2 1.185 | FVG 1.1765–1.1771 | Liquidity sweep 1.17 support before rally.

Key Levels

R: 1.18000 · 1.18088 · 1.18500

S: 1.17500 · 1.17000 · 1.16560