Friday, October 16, 2026

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EUR/USD reaction limited to Chicago PMI miss

Source: Thomson Reuters Chicago PMI misses forecast, no help to EUR/USD rally faders EUR/USD sees limited reaction, falls post-release, erases earlier spike Market ignores slightly tighter spreads, rally faders disappoin…

By Jay L. Zagorsky
1 min read
EUR/USD reaction limited to Chicago PMI miss
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Source: Thomson Reuters


  • Chicago PMI misses forecast, no help to EUR/USD rally faders

  • EUR/USD sees limited reaction, falls post-release, erases earlier spike 

  • Market ignores slightly tighter spreads, rally faders disappointed again 

  • Price action suggests bears lurking, macro sellers going short noted overnight

  • 1.06-1.10 range may see surprise downside break ahead of US NFP

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By FxWirePro Team