Friday, October 16, 2026

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EUR/USD eyes hourly resistance on US GDP miss

Source: Thomson Reuters UST yields and USD edge lower on US GDP miss EUR/USD higher gains after rebounding from 10-DMA (1.0810) Eyes hourly resistance at ~1.0895/00, if cleared bigger offers ~1.0940/45 Market sentiment t…

By Jay L. Zagorsky
1 min read
EUR/USD eyes hourly resistance on US GDP miss
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Source: Thomson Reuters


  • UST yields and USD edge lower on US GDP miss 

  • EUR/USD higher gains after rebounding from 10-DMA (1.0810)

  • Eyes hourly resistance at ~1.0895/00, if cleared bigger offers ~1.0940/45

  • Market sentiment turns a bit bearish after multiple fails above 1.1000

  • Bearish view supported on a break of March 23 low (1.0768) 

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By FxWirePro Team