EURUSD London briefing — 2026-09-28

BIAS BEARISH. D1 + H4 + H1 EMA alignment, H4 and H1 fair value gaps, and bearish D1 structure drive this bias. KEY LEVELS R: 1.14, 1.145, 1.16538 | S: 1.13598, 1.135, 1.13 NEWS 🟡 Dallas Fed Manufacturing Index (14:30 UTC) 🟡 3M Bill Auction (15:30 UTC) 🟡 6M Bill Auction (15:30 UTC) SESSION OUTLOOK Watch for continuation lower toward support on the bill auction data. RSI at 35 offers room for further downside before oversold conditions emerge.

Key Levels

R: 1.14000 · 1.14500 · 1.16538

S: 1.13598 · 1.13500 · 1.13000