Thursday, October 15, 2026

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EUR/USD spikes ~1.1400 as Fed worried about hiking

Source: Thomson Reuters EUR/USD pierced 10 & 21-DMAs pre-Fed minutes but now powerful rally ensues EUR/USD spikes ~1.1400 as many policymakers lean to keep rates lower for longer US bond yields reverse course, FOMC minut…

By Jay L. Zagorsky
1 min read
EUR/USD spikes ~1.1400 as Fed worried about hiking
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Source: Thomson Reuters


  • EUR/USD  pierced 10 & 21-DMAs pre-Fed minutes but now powerful rally ensues

  • EUR/USD spikes ~1.1400  as many policymakers lean to keep rates lower for longer

  • US bond yields reverse course, FOMC minutes too patient for USD bulls

  • Little pullback from spike high as shorts scramble to cover, stops likely >1.1450 

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By FxWirePro Team