Thursday, October 15, 2026

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EUR/USD sees monthly close below fibo reinforcing bear bias

Pair new lows in Asia at 1.1160 Scope seen to 11 year low from Jan 26 at 1.1098 Intraday correcting oversold levels, use upticks as opportunities to get short Close below long-term 61.8% (1.1212) of 2000/2008 rise reinfo…

By Meredith J C Warren
1 min read
EUR/USD sees monthly close below fibo reinforcing bear bias
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  • Pair new lows in Asia at 1.1160

  • Scope seen to 11 year low from Jan 26 at 1.1098

  • Intraday correcting oversold levels, use upticks as opportunities to get short

  • Close below long-term 61.8% (1.1212) of 2000/2008 rise reinforces bearishness

  • Opens the path to 1.0072, the 76.4% retrace

 

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By FxWirePro Team