EURUSD London briefing — 2026-10-06

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downside; H4 and H1 fair value gaps confirm lower; RSI neutral does not contradict. KEY LEVELS R: 1.125, 1.13, 1.16538 | S: 1.12, 1.11617, 1.115 NEWS 🔴 Retail Sales YoY (EUR) 09:00 UTC 🟡 Retail Sales MoM (EUR) 09:00 UTC 🟡 ADP 4-week avg (USD) 12:15 UTC SESSION OUTLOOK EUR data at London open may spike volatility; watch 1.125 resistance hold. USD data mid-session provides secondary momentum test downside.

Key Levels

R: 1.12500 · 1.13000 · 1.16538

S: 1.12000 · 1.11617 · 1.11500