EURUSD New York briefing — 2026-05-08

BIAS BULLISH — D1 structure confirmed; H4/H1 EMAs aligned upward; RSI neutral supports continuation without overbought risk. KEY LEVELS R: 1.1796, 1.18, 1.185 | S: 1.175, 1.17, 1.1656 NEWS 🔴 Michigan Consumer Sentiment Index (14:00 UTC) 🟡 Michigan Consumer Expectations Index (14:00 UTC) 🟡 UoM 1-year Inflation Expectations (14:00 UTC) SESSION OUTLOOK Strong USD data could trigger pullback toward support. Watch 1.1796 resistance; break above targets 1.18 extension. PRO UNLOCKS [Entry 1.1775 | SL 1.1656 | TP1 1.18 | TP2 1.185 | FVG 1.1

Key Levels

R: 1.17960 · 1.18000 · 1.18500

S: 1.17500 · 1.17000 · 1.16560