EURUSD New York briefing — 2026-10-12

BIAS BEARISH. D1 trend, H4 EMA, H1 EMA aligned downward; H4 fair value gaps confirm directional bias despite H1 bullish FVGs. KEY LEVELS R: 1.12, 1.125, 1.15572 | S: 1.11617, 1.115, 1.11 NEWS 🟡 Fed Hammack (Mon 16:50 UTC) | 🟡 ECB Elderson (Tue 07:15 UTC) | 🟡 Fed Waller (Tue 07:45 UTC) SESSION OUTLOOK Hammack speech introduces USD volatility today. Watch support holds into New York close; Elderson/Waller speeches tomorrow extend conviction.

Key Levels

R: 1.12000 · 1.12500 · 1.15572

S: 1.11617 · 1.11500 · 1.11000