EURUSD Asia briefing — 2026-10-23

BIAS BEARISH. Trend vote (D1+H4+H1 EMA) combined with H1 fair value gaps drive this bias despite neutral RSI and bullish H4 FVGs. KEY LEVELS R: 1.125, 1.13, 1.13947 | S: 1.12, 1.115, 1.1114 NEWS 🔴 HCOB Composite/Manufacturing/Services PMI (EUR) Fri 08:00 UTC SESSION OUTLOOK PMI data may trigger volatility around support zones. Watch for H1 breakdown confirmation below 1.12 before Asia close.

Key Levels

R: 1.12500 · 1.13000 · 1.13947

S: 1.12000 · 1.11500 · 1.11140