EURUSD London briefing — 2026-08-05

BIAS BULLISH — H1/H4 EMA aligned bullish, D1 structure higher, RSI 61 neutral-to-warm, price holding above 1.15 support. KEY LEVELS R: 1.15593, 1.16 | S: 1.15, 1.145, 1.13542 NEWS 🟡 HCOB Composite PMI (EUR) — 08:00 UTC 🟡 Producer Price Index MoM (EUR) — 09:00 UTC SESSION OUTLOOK London open targets 1.155–1.15593 resistance. PMI data at 08:00 may trigger intraday volatility; watch for breakout or rejection into London close.

Key Levels

R: 1.15500 · 1.15593 · 1.16000

S: 1.15000 · 1.14500 · 1.13542