Friday, October 16, 2026

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EUR/USD intra-day lift stalls near hourly resistance

Intra-day lift stalls near hourly resistance, bears emerge as lift repelled Market might be in sell rally mode, >1.1225 eases short-term bear pressure Friday's rejection ~76.4 Fib of 1.11534-1.0463 sees bear follow throu…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Intra-day lift stalls near hourly resistance, bears emerge as lift repelled

  • Market might be in sell rally mode, >1.1225 eases short-term bear pressure 

  • Friday's rejection ~76.4 Fib of 1.11534-1.0463 sees bear follow through today

  • RSIs roll over & yield spreads widen a bit, bears have the edge for now

  • The daily cloud top & Apr 30 low sit there, beyond that 1.0960/75 is support

  • Support sits ~1.1105/15, if breaks next support is near 1.1065/75

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