Thursday, October 15, 2026

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EUR/USD May high in play on weak sales data

Stops above 1.1290 run & big short scramble sees near 1.1320 May high now in play, long-term charts suggest higher test likely though 100 & 10- DMAs lend support as do bullish RSIs Yield spreads narrow as US yields dive …

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Stops above 1.1290 run & big short scramble sees near 1.1320

  • May high now in play, long-term charts suggest higher test likely though

  • 100 & 10- DMAs lend support as do bullish RSIs

  • Yield spreads narrow as US yields dive on Fed lift-off pushback by market

  • February high (1.1532) could be next target

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By FxWirePro Team