Friday, October 16, 2026

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EUR/USD can't break below the 200-HMA, bears struggling

Source: Thomson Reuters EUR/USD heavy in early NY but can't break below the 200-HMA Bears struggling to make headway, good bids noted near 1.0650 Support goes gown towards 1.0615, if no break soon intra-day shorts might …

By Jay L. Zagorsky
1 min read
EUR/USD can't break below the 200-HMA, bears struggling
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Source: Thomson Reuters


  • EUR/USD heavy in early NY but can't break below the 200-HMA

  • Bears struggling to make headway, good bids noted near 1.0650

  • Support goes gown towards 1.0615, if no break soon intra-day shorts might cover

  • Pre-FOMC levels hold for now, EUR/USD might be ripe for an intra-day squeeze soon

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