Thursday, October 15, 2026

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EUR/USD pierces 76.4 Fib of 1.1534-1.0463, short covers persist

EUR broadly bid, especially vs. GBP & AUD, aids to keep EUR/USD aloft Short covering keep pair firm, 76.4 Fib of 1.1534-1.0463 pierced RSIs biased up & spreads tighten, more fuel for bulls Talk of 1.13 barrier, stops abo…

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

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  • EUR broadly bid, especially vs. GBP & AUD, aids to keep EUR/USD aloft

  • Short covering keep pair firm, 76.4 Fib of 1.1534-1.0463 pierced

  • RSIs biased up & spreads tighten, more fuel for bulls

  • Talk of 1.13 barrier, stops above, if run little resistance until 1.1380/90

  • US manufacturing PMIs the risks, if weak more gains likely for EUR/USD

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By FxWirePro Team