EURUSD London briefing — 2026-11-05

BIAS BULLISH. D1 + H4 + H1 trend vote combined with bullish H4 and H1 fair value gaps drive conviction. KEY LEVELS R: 1.12734, 1.125, 1.13 | S: 1.12, 1.115, 1.11068 NEWS 🟡 ECB Schnabel speech – 08:05 UTC 🟡 Producer Price Index (MoM/YoY) – 10:00 UTC SESSION OUTLOOK ECB commentary may inject volatility; watch price respect H1 bullish FVG zones. PPI data could amplify moves into London close.

Key Levels

R: 1.12500 · 1.12734 · 1.13000

S: 1.12000 · 1.11500 · 1.11068