Friday, October 16, 2026

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EUR/USD slide continues, claims data pushes further

EUR/USD was slipping due to DE yields drop from high, US claims pushes further Model accounts still covering shorts Daily RSI diverged & yield spreads widen, more losses might be due 1.1265/70 support cleared, next intra…

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

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  • EUR/USD was slipping due to DE yields drop from high, US  claims pushes further

  • Model accounts still covering shorts 

  • Daily RSI diverged & yield spreads widen, more losses might be due

  • 1.1265/70 support cleared, next intra-day support near 100-DMA & 1.1240

  • Sub-1.1240 opens test of 1.1175/05 support zone

  • Close sub-1.1175 a bearish engulfing, might be tough to do pre-NFP

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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