EURUSD London briefing — 2026-05-14

BIAS BEARISH. H1 EMA bearish diverges with neutral D1; RSI 36.68 shows weakness. D1 hierarchy applies—structure neutral but lower timeframe pressure dominates. KEY LEVELS R: 1.175, 1.18, 1.18088 | S: 1.17, 1.1656, 1.165 NEWS 🔴 ECB President Lagarde speech (EUR) 09:15 UTC 🟡 Continuing Jobless Claims (USD) 12:30 UTC 🟡 Export Price Index MoM (USD) 12:30 UTC SESSION OUTLOOK Lagarde speech drives EUR volatility pre-London open. Watch rejection at 1.175 resistance; support hold at 1.17 critical for bias confirmation. PRO UNLOCKS Entry zone, SL placement, TP cascade, FVG liquidity sweeps, Fibonacci

Key Levels

R: 1.17500 · 1.18000 · 1.18088

S: 1.17000 · 1.16560 · 1.16500