EURUSD London briefing — 2026-10-19

BIAS BEARISH. D1 + H4 EMA + H1 trend vote combined; H1 fair value gaps reinforce downside pressure despite H4 FVG bullish structure. KEY LEVELS R: 1.125, 1.13, 1.14785 | S: 1.12, 1.115, 1.1114 NEWS 🟡 NAHB Housing Market Index (USD) 14:00 UTC 🟡 3-Month Bill Auction (USD) 15:30 UTC 🟡 6-Month Bill Auction (USD) 15:30 UTC SESSION OUTLOOK Watch H1 close below 1.12 for bearish confirmation. Auction data (low impact) may trigger minor volatility near support zones.

Key Levels

R: 1.12500 · 1.13000 · 1.14785

S: 1.12000 · 1.11500 · 1.11140