EURUSD London briefing — 2026-11-02

BIAS BEARISH. Driven by D1 trend vote combined with liquidity sweep of highs; H4/H1 fair value gaps remain bullish noise against the dominant downtrend structure. KEY LEVELS R: 1.12, 1.125, 1.12786 | S: 1.115, 1.11068, 1.11 NEWS 🟡 HCOB Manufacturing PMI (EUR) 09:00 UTC 🟡 ECB Vujčić speech (EUR) 09:45 & 10:00 UTC SESSION OUTLOOK ECB speeches may trigger volatility around resistance. Watch for continuation toward support if PMI disappoints EUR.

Key Levels

R: 1.12000 · 1.12500 · 1.12786

S: 1.11500 · 1.11068 · 1.11000