EURUSD London briefing — 2026-08-07

BIAS BULLISH — D1 structure bullish; H4 EMA confirms upside. H1 neutral and RSI mid-range prevent conviction, but daily bias dominates. KEY LEVELS R: 1.155, 1.15598, 1.16 | S: 1.15, 1.145, 1.13542 NEWS 🔴 Average Hourly Earnings MoM (USD) — 12:30 UTC 🔴 Average Hourly Earnings YoY (USD) — 12:30 UTC 🟡 Average Weekly Hours (USD) — 12:30 UTC SESSION OUTLOOK US jobs data at 12:30 UTC drives volatility; watch 1.155 resistance for breakout rejection or continuation. Close above 1.155 strengthens bullish narrative into US afternoon.

Key Levels

R: 1.15500 · 1.15598 · 1.16000

S: 1.15000 · 1.14500 · 1.13542