Thursday, October 15, 2026

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EUR/USD overnight lift capped by 55 DMA, claims bounce fades

EUR/USD overnight lift stalls near 55-DMA, slide sees long upper wick form on day candle Above forecast claims see USD dip get bought, EUR/USD near day's low again Apr 24 low, daily cloud base & April 21 low (1.0660) the…

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

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  • EUR/USD overnight lift stalls near 55-DMA, slide sees long upper wick form on day candle

  • Above forecast claims see USD dip get bought, EUR/USD near day's low again

  • Apr 24 low, daily cloud base & April 21 low (1.0660) then eyed

  • Intra-day support in 1.0850/60 zone then near 1.0820/25

  • Break & close below latter negates any reversal signs generated May 27 

  • Above 1.1010 eases short-term bear pressure 

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