EURUSD London briefing — 2026-10-22

BIAS BULLISH. D1 trend + H4 EMA + H1 EMA combined with bullish H4 and H1 fair value gaps drive directional conviction. KEY LEVELS R: 1.125, 1.13, 1.14097 | S: 1.12, 1.115, 1.1114 NEWS 🟡 ECB Panetta speech (EUR) — 12:15 UTC 🟡 Initial Jobless Claims (USD) — 12:30 UTC 🟡 Continuing Jobless Claims (USD) — 12:30 UTC SESSION OUTLOOK ECB commentary and jobless data clash midday. Watch for momentum off H1 bullish FVG zones; neutral D1 structure limits follow-through.

Key Levels

R: 1.12500 · 1.13000 · 1.14097

S: 1.12000 · 1.11500 · 1.11140