EURUSD London briefing — 2026-10-13

BIAS BEARISH. Trend alignment (D1+H4+H1 EMAs) and dual timeframe fair value gaps override neutral RSI and bullish sweep of lows. KEY LEVELS R: 1.12, 1.125, 1.15572 | S: 1.11525, 1.115, 1.11 NEWS 🟡 ECB Elderson 07:15 UTC | 🟡 Fed Waller 07:45 UTC | 🟡 ECB Escrivá 08:05 UTC SESSION OUTLOOK Three medium-impact speeches compress volatility pre-event, then spike on release. Watch H4/H1 FVG breaks below 1.11525.

Key Levels

R: 1.12000 · 1.12500 · 1.15572

S: 1.11525 · 1.11500 · 1.11000