Friday, October 16, 2026

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EUR/USD sees scope to 50% retrace next

Pair sees possibility to 50% retrace of 1.0457/1.1062 climb at 1.0760 Recoil to 1.0801 breached 38.2% fibo at 1.0831 as well as 21 DMA at 1.0850 Pair failed to sustain above 1.1000, outside day outlook remains bearish Sc…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair sees possibility to 50% retrace of 1.0457/1.1062 climb at 1.0760

  • Recoil to 1.0801 breached 38.2% fibo at 1.0831 as well as 21 DMA at 1.0850

  • Pair failed to sustain above 1.1000, outside day outlook remains bearish

  • Scope to return to below 1.0700. Offer adjusted at 1.0930, 1.0688 = 61.8% of 1.0457/1.1062 rise

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team