EURUSD London briefing — 2026-10-02

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downward; H4 fair value gaps confirm lower direction; RSI neutral supports continuation without reversal signal. KEY LEVELS R: 1.13, 1.135, 1.16538 | S: 1.125, 1.12159, 1.12 NEWS 🔴 Core HICPMoM / YoY (EUR) 09:00 UTC 🟡 Cipollone speech (EUR) 07:30 UTC SESSION OUTLOOK High-impact inflation data at 09:00 UTC will set London's direction. Watch 1.13 resistance; breach below 1.125 confirms bearish structure integrity.

Key Levels

R: 1.13000 · 1.13500 · 1.16538

S: 1.12500 · 1.12159 · 1.12000