Friday, October 16, 2026

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EUR/USD eying test of 1.1000

Pair seen easing above 1.1000 making short work of apparently heavy offers Momentum suggests bullish trend, favoring further squeeze on shorts Stops located above 1.1040 & 1.1060. Shorts into 1.1050-1.11 popular strategy…

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

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  • Pair seen easing above 1.1000 making short work of apparently heavy offers

  • Momentum suggests bullish trend, favoring further squeeze on shorts

  • Stops located above 1.1040 & 1.1060. Shorts into 1.1050-1.11 popular strategy

  • 1.1098 = low post ECB announced QE plans in Jan

  • Traders expect a topside overshoot before downtrend resumes 

 

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team