Friday, October 16, 2026

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EUR/USD sub-10 DMA again after trend-line caps

EUR/USD trend-Line off May high caps overnight ensuing slide, pair sees sub-10 DMA again Sub-1.1150 sees little support until 1.1150/80 area US data pushes down near 1.1200, bids into that area Short-Term market focused …

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

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  • EUR/USD trend-Line off May high caps overnight ensuing slide, pair sees sub-10 DMA again

  • Sub-1.1150 sees little support until 1.1150/80 area

  • US data pushes down near 1.1200, bids into that area

  • Short-Term market focused on 1.1190, stops likely below, if run June 12 low in play

  • Some offers now likely into 200-HMA, if caps those stops become magnetic

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By FxWirePro Team