Friday, October 16, 2026

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EUR/USD lacks bullish reaction after strong data

No buying interest seen for euros above 1.1000 despite strong Eurozone PMI's Movement indicates that will to run long is low Devoid of stops to chase, the correction may lose its ground Volumes to be weighed by any loss …

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • No buying interest seen for euros above 1.1000 despite strong Eurozone PMI's

  • Movement indicates that will to run long is low

  • Devoid of stops to chase, the correction may lose its ground

  • Volumes to be weighed by any loss of momentum & shift cash towards carry/yield

 

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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