EURUSD New York briefing — 2026-08-07

BIAS BULLISH. Daily structure bullish; H4 EMA aligned. H1 neutral divergence suggests minor pullback risk, but RSI (51.2) supports upside continuation without overbought pressure. KEY LEVELS R: 1.155 | 1.15598 | 1.16 | S: 1.15 | 1.145 | 1.13542 NEWS 🟡 Baker Hughes US Oil Rig Count (Fri 17:00 UTC) 🟡 Consumer Credit Change (Fri 19:00 UTC) 🟡 CFTC EUR NC Net Positions (Fri 19:30 UTC) SESSION OUTLOOK NY session likely to test 1.155 resistance. Oil data may trigger USD volatility; watch for consolidation before CFTC data.

Key Levels

R: 1.15500 · 1.15598 · 1.16000

S: 1.15000 · 1.14500 · 1.13542