EURUSD New York briefing — 2026-05-04

BIAS BEARISH. D1 structure dominates neutral H4/H1 divergence; RSI 42.75 supports downside continuation. KEY LEVELS R: 1.175, 1.18, 1.18488 | S: 1.17, 1.1656, 1.165 NEWS 🟡 Factory Orders (USD) 14:00 UTC 🟡 3M/6M Bill Auctions (USD) 15:30 UTC SESSION OUTLOOK Factory Orders drives volatility into NY open. Watch 1.17 hold; break below targets 1.1656 support. PRO UNLOCKS [Entry 1.1720, SL 1.1800, TP1 1.1680, TP2 1.1656 | FVG 1.1710–1.1695 | Liquidity sweep 1.175]

Key Levels

R: 1.17500 · 1.18000 · 1.18488

S: 1.17000 · 1.16560 · 1.16500