Friday, October 16, 2026

Technicals

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EUR/USD bounce had much to do with stretched short positioning

IMF outlook likely to provide only brief pause for EUR/USD downtrend Near 2% reverse will have cleansed weak shorts, strengthens trend ECB today, could see pressure on EUR, especially at larger EU fixes EUR 33bln Italy/D…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • IMF outlook likely to provide only brief pause for EUR/USD downtrend

  • Near 2% reverse will have cleansed weak shorts, strengthens trend

  • ECB today, could see pressure on EUR, especially at larger EU fixes

  • EUR 33bln Italy/Dutch bond redemptions & coupons due today

 

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