EURUSD London briefing — 2026-09-30

BIAS BEARISH. Daily structure, H4 EMA, and H1 fair value gaps all align downside; H4 FVGs reinforce the trend. KEY LEVELS R: 1.14, 1.145, 1.16538 | S: 1.135, 1.13097, 1.13 NEWS 🔴 ADP Employment Change (Wed 12:15 UTC) 🔴 Core PCE MoM (Wed 12:30 UTC) 🟡 MBA Mortgage Applications (Wed 11:00 UTC) SESSION OUTLOOK Strong US data risk into midday. Watch ADP and PCE for USD strength confirmation; bearish structure favours lower fills if data supports.

Key Levels

R: 1.14000 · 1.14500 · 1.16538

S: 1.13500 · 1.13097 · 1.13000