EURUSD London briefing — 2026-07-20

BIAS BULLISH. H1/H4 EMAs aligned bullish; RSI neutral mid-range supports upside; D1 bearish structure is the caution—conflicting timeframes, but intraday momentum favors buyers. KEY LEVELS R: 1.145, 1.14818, 1.15 | S: 1.14, 1.13609, 1.135 NEWS 🟡 EUR Construction Output (MoM/YoY) 09:00 UTC 🟡 USD 3-Month Bill Auction 15:30 UTC SESSION OUTLOOK London open: watch construction data reaction near 1.145 resistance. Low-impact releases shouldn't derail intraday momentum; bias remains topside until D1 structure breaks. PRO UNLOCKS Exact entry, SL, TP1/TP2, FVG zones, liquidity sweep targets—unlock with Pro

Key Levels

R: 1.14500 · 1.14818 · 1.15000

S: 1.14000 · 1.13609 · 1.13500