Friday, October 16, 2026

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EUR/USD bull signs up, long upper wick forms

EUR/USD trend-line off May high pierced, gains above can't hold, long upper wick forms Suggests bears putting up a fight but they might be run over 10-DMA crossing above 21-DMA & RSIs biased up, some bull signs Recent ch…

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

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  • EUR/USD trend-line off May high pierced, gains above can't hold, long upper wick forms

  • Suggests bears putting up a fight but they might be run over

  • 10-DMA crossing above 21-DMA & RSIs biased up, some bull signs

  • Recent choppy range likely to hold, sub-1.1200/15 eases bull pressure 

  • Only above monthly bear pennant & 1.1530/40 damages long-term bear trend

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By FxWirePro Team