Friday, October 16, 2026

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EUR/USD sees bias staying on downside

Traders remain short at 1.0625 for 1.0335 objective, 2003 low Trailing stop lowered to 1.0600 Overall bias is for losses to 1.0072 1.0072 - 76.4% retrace of the 0.8228 to 1.6040, 2000 to 2008 rise 14-month momentum looks…

By Meredith J C Warren
1 min read
EUR/USD sees bias staying on downside
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  • Traders remain short at 1.0625 for 1.0335 objective, 2003 low

  • Trailing stop lowered to 1.0600

  • Overall bias is for losses to 1.0072

  • 1.0072 - 76.4% retrace of the 0.8228 to 1.6040, 2000 to 2008 rise

  • 14-month momentum looks negative

 

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By FxWirePro Team