Friday, October 16, 2026

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FxWirePro: EUR/USD erases gains, trades almost unchanged ahead of FOMC

EUR/USD activity light ahead of the FOMC decision/statement later today The pair opened at 1.1058, edged higher to 1.1083 and currently trades almost unchanged on the day at 1.1057 Immediate support is seen at 1.1022 (21…

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

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  • EUR/USD activity light ahead of the FOMC decision/statement later today

  • The pair opened at 1.1058, edged higher to 1.1083 and currently trades almost unchanged on the day at 1.1057 

  • Immediate support is seen at 1.1022 (21-Day MA/Low Jul 27), followed by another support at 1.0994 (Daily Cloud Base)

  • On the other hand, resistance is seen at 1.1099 (Session High Jul 28) and 1.1129 (Daily High Jul 27/55-DMA)

  • German GFK consumer confidence scheduled for release today, but FOMC statement will dictate direction from here  

Resistance Levels:

R1: 1.1099 (Session High Jul 28)

R2: 1.1129 (Daily High Jul 27/55-DMA)

R3: 1.1197 (Daily High Jul 13)

Support Levels:

S1: 1.1022 (21-Day MA/Low Jul 27)

S2: 1.0994 (Daily Cloud Base)

S3: 1.0969 (Session Low Jul 27)

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By FxWirePro Team