EURUSD London briefing — 2026-10-28

BIAS BEARISH. D1+H4+H1 EMA alignment, RSI oversold at 26.05, and bearish fair value gaps across H4/H1 drive downside conviction. KEY LEVELS R: 1.115, 1.12, 1.1337 | S: 1.11127, 1.11, 1.105 NEWS 🟡 MBA Mortgage Applications (USD) 11:00 UTC 🟡 Goods Trade Balance (USD) 12:30 UTC 🟡 Wholesale Inventories (USD) 12:30 UTC SESSION OUTLOOK Low-impact US data unlikely to reverse structure. Watch support holds as RSI oversold conditions attract mean-reversion attempts into London close.

Key Levels

R: 1.11500 · 1.12000 · 1.13370

S: 1.11127 · 1.11000 · 1.10500