Friday, October 16, 2026

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EUR/USD bears to rule as daily RSI biased down

EUR/USD lift up near 1.1245/50 on DAX slip due to Greek headlines Yield spreads going further in USD's favor also aid to limit gains Gains limited though as large XXX near 1.1225/30 becoming magnetic Bears to rule as dai…

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

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  • EUR/USD lift up near 1.1245/50 on DAX slip due to Greek headlines

  • Yield spreads going further in USD's favor also aid to limit gains

  • Gains limited though as large XXX near 1.1225/30 becoming magnetic

  • Bears to rule as daily RSI biased down & long-term charts show bear pennant

  • Upon break below pennant new lows should eventually be made

  • Above 1.1540/50 dents bear view 

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By FxWirePro Team