Thursday, October 15, 2026

Technicals

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Euro falls gradually against US dollar, Draghi speech in focus

Pair falls steadily against US counterpart after ECB stands pat on policy statement. ECB kept deposit rate at -0.3% and the main refinancing rate at 0.05%. Intraday bias remains weak; expected trading range will be $1.07…

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

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  • Pair falls steadily against US counterpart after ECB stands pat on policy statement.
     
  • ECB kept deposit rate at -0.3% and the main refinancing rate at 0.05%.
     
  • Intraday bias remains weak; expected trading range will be $1.0750 to $1.0900 level.
     
  • To the downside, any fall below $1.0710 level will confirm the bearish bias. A break of $1.0700 level may drag the parity towards $1.0500 levels.
     
  • Alternatively, reversal from this level will take the pair gain at $1.1000 mark.
     
  • Market eye on Draghi's speech at World Economic Forum in Davos.

 

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By FxWirePro Team