EURUSD London briefing — 2026-10-27

BIAS BEARISH. D1 trend + H4 EMA + H1 EMA alignment combined with bearish H4 and H1 fair value gaps drive direction. KEY LEVELS R: 1.12, 1.125, 1.13797 | S: 1.115, 1.1114, 1.11 NEWS 🔴 ECB Bank Lending Survey (EUR) 09:00 UTC SESSION OUTLOOK ECB data risks volatility into London open. Watch 1.115 support hold; breach targets 1.1114.

Key Levels

R: 1.12000 · 1.12500 · 1.13797

S: 1.11500 · 1.11140 · 1.11000