Friday, October 16, 2026

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EUR/USD rises as DE-US spreads contract, eyes 200 HMA

EUR/USD choppy on US data & Draghi Draghi upbeat early on, adds to lift, 200 HMA eyed, little pullback Bouts of soft US data see DE-US spreads contract, pair lifts on that Spec offers remain 1.1250/60, more offers into 1…

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

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  • EUR/USD choppy on US data & Draghi

  • Draghi upbeat early on, adds to lift, 200 HMA eyed, little pullback

  • Bouts of soft US data see DE-US spreads contract, pair lifts on that 

  • Spec offers remain 1.1250/60, more offers into 1.1300

  • Consolidation near long-term lows intact, bear pennant forming on monthly chart

  • Suggests lower levels in long-run, above 1.1530/40 dents long-term bear view

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