Friday, October 16, 2026

Technicals

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EUR/USD rebounds

EUR/USD breaks back above 1.0600 led by real money buying Recovery comes from new extreme (1.0494 in Asia) and in capped liquidity Traders: one-way positioned, adding panicked squeeze Recovery still risks short-term tech…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR/USD breaks back above 1.0600 led by real money buying

  • Recovery comes from new extreme (1.0494 in Asia) and in capped liquidity

  • Traders: one-way positioned, adding panicked squeeze

  • Recovery still risks short-term techs

  • Yesterday's high 1.0718, Tuesday's low 1.0692. 100-HMA 1.0753

 

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By FxWirePro Team