EURUSD New York briefing — 2026-05-11

BIAS BULLISH. D1 structure dominates; H4 EMA confirms upside despite H1 neutral. RSI neutral supports continuation without overbought risk. KEY LEVELS R: 1.18, 1.18088, 1.185 | S: 1.175, 1.17, 1.1656 NEWS 🟡 Existing Home Sales Change (MoM) — Mon 14:00 UTC 🔴 3-Month Bill Auction — Mon 15:30 UTC SESSION OUTLOOK US data release at 14:00 may trigger short-term volatility. Watch 1.18 resistance; hold above 1.175 keeps bias intact through NY close. PRO UNLOCKS Entry 1.1765, SL 1.1745, TP1 1.18, TP2 1.185 | FVG 1.176–1.1772

Key Levels

R: 1.18000 · 1.18088 · 1.18500

S: 1.17500 · 1.17000 · 1.16560