Friday, October 16, 2026

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EUR/USD bears rising in Asia

Pair sees whippy consolidation in Asian session, but bears are going strong Post FOMC, strong volume extended into Asia Momentum studies & 5dma base - 10 & 20 dma's edge down suggesting neutral setup Resistance seen at e…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair sees whippy consolidation in Asian session, but bears are going strong

  • Post FOMC, strong volume extended into Asia

  • Momentum studies & 5dma base - 10 & 20 dma's edge down suggesting neutral setup

  • Resistance seen at earlier 1.0920 high then 1.1070, 61.8% of Feb Mar fall

  • Support seem at 1.0764 61.8% of yesterday's rise, then 1.0690 10 dma

 

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By FxWirePro Team