Friday, October 16, 2026

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EUR/USD tracks stop lowered to 1.1350

Traders remain short at 1.1425 for losses to 1.1270 Traders lowered stop to 1.1350 to make profits Tenkan & kijun lines are aligned negatively, showing negative market bias Chikou-span stays below price action on the cha…

By Meredith J C Warren
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Traders remain short at 1.1425 for losses to 1.1270

  • Traders lowered stop to 1.1350 to make profits

  • Tenkan & kijun lines are aligned negatively, showing negative market bias

  • Chikou-span stays below price action on the chart

  • Chikou-span position indicates negative momentum

 

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By FxWirePro Team