EURUSD London briefing — 2026-06-05

BIAS BEARISH. Daily structure bearish; H4 EMA confirms downside, though H1 neutral and RSI midrange create minor conflict—lower timeframe noise doesn't override the D1 thesis. KEY LEVELS R: 1.165, 1.16857, 1.17 | S: 1.16, 1.15774, 1.155 NEWS 🟡 Employment Change QoQ (EUR) – 09:00 UTC 🟡 GDP s.a. QoY (EUR) – 09:00 UTC SESSION OUTLOOK EU employment and GDP data at London open may trigger volatility around 1.165 resistance. Watch for continuation toward support if data disappoints. PRO UNLOCKS [Unlock precise entries, stops, targets, FVG zones, liquidity sweeps in Pro]

Key Levels

R: 1.16500 · 1.16857 · 1.17000

S: 1.16000 · 1.15774 · 1.15500