EURUSD London briefing — 2026-11-04

BIAS BULLISH. D1+H4+H1 trend alignment, H4/H1 fair value gaps, and high sweep offset neutral RSI and divergent timeframe EMAs. KEY LEVELS R: 1.13, 1.12694, 1.125 | S: 1.12, 1.115, 1.11068 NEWS 🔴 Core Harmonized Index Consumer Prices MoM (EUR) 10:00 UTC | 🟡 HCOB Composite PMI (EUR) 09:00 UTC SESSION OUTLOOK London opens post-PMI data. Watch acceptance above 1.125 into CPI release; core inflation data critical for EUR directional conviction.

Key Levels

R: 1.12500 · 1.12694 · 1.13000

S: 1.12000 · 1.11500 · 1.11068