Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

EUR/USD higher as shorts squeezed on Draghi

Source: Thomson Reuters Below forecast US capacity utilization & IP weigh on USD, EUR/USD further boosted Pair near 1.0650 as Draghi notes exchange rate not a policy target, not lowering depo rate further also aids Offer…

By Jay L. Zagorsky
1 min read
EUR/USD higher as shorts squeezed on Draghi
Image from the original EconoTimes article

Read the original article

Source: Thomson Reuters


  • Below forecast US capacity utilization & IP weigh on USD, EUR/USD further boosted

  • Pair near 1.0650 as Draghi notes exchange rate not a policy target, not lowering depo rate further also aids 

  • Offers into 1.0650 then 1.0665/75; 1.0710/20 is key resistance

  • If pair breaks above resistance, opens door to 1.0775/90 zone

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

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