Thursday, October 15, 2026

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EUR/USD recovery attempts capped by 21 HMA

21 HMA at 1.0940 weighs on recovery attempts by EUR/USD The average has provided a rough cap on hourly charts since fall Friday Initial downside target is the base of the cloud at 1.0738 1.0885 was the Euopean AM low. 1.…

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

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  • 21 HMA at 1.0940 weighs on recovery attempts by EUR/USD 

  • The average has provided a rough cap on hourly charts since fall Friday

  • Initial downside target is the base of the cloud at 1.0738

  • 1.0885 was the Euopean AM low. 1.0882 is 61.8% fibo retrace

  • 1.0882 = 61.8% of 1.0521 - 1.1468 rise

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By FxWirePro Team