EURUSD London briefing — 2026-05-12

BIAS BULLISH. D1 structure dominates despite H4/H1 neutral; RSI 42.63 supports upside potential. KEY LEVELS R: 1.18088, 1.18, 1.185 | S: 1.175, 1.17, 1.1656 NEWS 🟡 ZEW Economic Sentiment (EUR) 09:00 UTC 🟡 ECB Elderson speech (EUR) 10:40 UTC 🔴 NFIB Business Optimism (USD) 10:00 UTC SESSION OUTLOOK ECB rhetoric and ZEW data drive volatility; watch 1.175 hold for bullish continuation toward 1.18. NFIB could trigger USD strength intraday. PRO UNLOCKS [Entry clusters, optimal SL placement, TP zones, FVG sweeps, liquidity kills — unlock with Pro]

Key Levels

R: 1.18000 · 1.18088 · 1.18500

S: 1.17500 · 1.17000 · 1.16560