Friday, October 16, 2026

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EUR/USD eyes intra-day support near 1.11 as spreads a bit tighter

Source: Thomson Reuters EUR/USD sees limited data reaction after somewhat softer than forecast US data, 100-DMA weighing USD firms, EUR/USD eyes intra-day support near 1.11 as spreads a bit tighter 100-DMA limited the ra…

By Jay L. Zagorsky
1 min read
EUR/USD eyes intra-day support near 1.11 as spreads a bit tighter
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Source: Thomson Reuters


  • EUR/USD sees limited data reaction after somewhat softer than forecast  US data, 100-DMA weighing

  • USD firms, EUR/USD eyes intra-day support near 1.11 as spreads a bit tighter

  • 100-DMA limited the rally overnight & long upper wick on forms today's candle

  • Downside risks are extant & there is increased chance of key 1.1050/60 zone 

  • Market expects models to go short on 1.1050 break as 1.0820/50 then eyed

  • Above 1.1220 eases short-term bear pressure 

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