Friday, October 16, 2026

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Early Asian gains in EUR/USD short lived

Pair trimmed gains in early Asia, now -25pts as ranges/consolidation dominates Draghi comments on QE tonight - will be closely watched Neutral momentum studies as 5, 10 & 20 dma's conflict, suggesting consolidation Initi…

By Ian Preston
1 min read
Early Asian gains in EUR/USD short lived
Image from the original EconoTimes article

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  • Pair trimmed gains in early Asia, now -25pts as ranges/consolidation dominates

  • Draghi comments on QE tonight - will be closely watched

  • Neutral momentum studies as 5, 10 & 20 dma's conflict, suggesting consolidation

  • Initial support at 1.0780 269M strike, resistance at 1.0850 1.2B 121.00/05 280M 

 

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