EURUSD London briefing — 2026-10-12

BIAS BEARISH. D1 trend + H4 EMA + H1 EMA aligned downward; H4 fair value gaps reinforce selling pressure despite H1 bullish FVG noise. KEY LEVELS R: 1.125, 1.13, 1.15572 | S: 1.12, 1.11617, 1.115 NEWS 🟡 ECB Vujčić (Mon 10:00 UTC) 🟡 Fed Hammack (Mon 16:50 UTC) 🟡 ECB Elderson (Tue 07:15 UTC) SESSION OUTLOOK Watch 1.125 resistance hold amid ECB speech. USD strength from Hammack event may amplify downside momentum into London close.

Key Levels

R: 1.12500 · 1.13000 · 1.15572

S: 1.12000 · 1.11617 · 1.11500