Friday, October 16, 2026

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EURUSD cracks 50% Fibonacci retracement, eyes on ECB rate decision

The euro is trading little changed at $1.0931 against the US dollar on Thursday morning in Asia Federal Reserve Chair Janet Yellen signalled overnight that the Fed is still looking to raise interest rates this year ECB w…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • The euro is trading little changed at $1.0931 against the US dollar on Thursday morning in Asia

  • Federal Reserve Chair Janet Yellen signalled overnight that the Fed is still looking to raise interest rates this year

  • ECB will announce its minimum bid rate on Thursday at 7:45 am EDT and will be followed by ECB President Mario Draghi press conference at 8:30 am EDT

  • Initial support levels are seen around $1.0915 and $1.0818 levels

  • Resistance levels at $1.0962 and $1.1081 levels

 

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