Friday, October 16, 2026

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EUR/USD sees pullback risk as hourlies are overbought

Pair's recovery halts ahead 1.08, hourlies seen in OB territory Seeks a pullback towards the 1.0713 lows fromTuesday Ample resistance seen around 1.0844-46 including 100 HMA, 10 DMA and yesterday high Stops above locking…

By Ian Preston
1 min read
EUR/USD sees pullback risk as hourlies are overbought
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  • Pair's recovery halts ahead 1.08, hourlies seen in OB territory

  • Seeks a pullback towards the 1.0713 lows fromTuesday

  • Ample resistance seen around 1.0844-46 including 100 HMA, 10 DMA and yesterday high

  • Stops above locking in profit on 1.0930 short. 1.0650 eyed

  • Close under tenkan, negatuve cross from 100HMA/200 HMA suggests bearish setup

 

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By FxWirePro Team