EURUSD London briefing — 2026-10-01

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downward; H4 and H1 fair value gaps confirm lower trajectory; RSI neutral avoids overbought rejection. KEY LEVELS R: 1.135, 1.14, 1.16538 | S: 1.13097, 1.13, 1.125 NEWS 🟡 HCOB Manufacturing PMI (EUR) 08:00 UTC 🟡 ECB Cipollone speech 08:20 UTC 🟡 Challenger Job Cuts (USD) 09:30 UTC SESSION OUTLOOK ECB commentary and PMI data precede London open volatility. Watch support holds around 1.13 zone; breaks trigger deeper bearish continuation.

Key Levels

R: 1.13500 · 1.14000 · 1.16538

S: 1.13097 · 1.13000 · 1.12500