EURUSD London briefing — 2026-10-08

BIAS BEARISH. D1 trend, H4 EMA, and H1 EMA all aligned downside; H4 and H1 fair value gaps reinforce lower structure. KEY LEVELS R: 1.12, 1.125, 1.16178 | S: 1.11617, 1.115, 1.11 NEWS 🔴 ECB Monetary Policy Meeting Accounts — 11:30 UTC 🟡 Fed's Waller speech — 08:30 UTC 🟡 ECB's Lane speech — 10:00 UTC SESSION OUTLOOK ECB accounts and Lane speech dominate London. Watch for EUR reaction; downside bias holds unless data surprises hawkish. Risk upper resistance near 1.125.

Key Levels

R: 1.12000 · 1.12500 · 1.16178

S: 1.11617 · 1.11500 · 1.11000