Thursday, October 15, 2026

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FxWirePro: EUR/USD extends gains ahead of European open, risk-aversion underpins euro

EUR/USD remains on higher plane on less hawkish Fed view and as risk-off intensifies on mounting China fears The pair remained bid in Asia in a relatively tight 1.1328-60 range and is extending the positive momentum into…

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

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  • EUR/USD remains on higher plane on less hawkish Fed view and as risk-off intensifies on mounting China fears

  • The pair remained bid in Asia in a relatively tight 1.1328-60 range and is extending the positive momentum into European open

  • The major is holding on to last week's 1.8 percent gain and is likely to extend gains further into the week

  • Markets remain wary ahead of Thursday's Fed decision, on increased speculations that the Fed rate hike could be pushed back to early 2016

  • EUR/USD is currently trading at 1.1357, with immediate resistance at 1.1363 (Aug 27 high) and support at 1.1320 (daily kijun)

  • Euro zone industrial figures due later today eyed amidst an absolutely empty US calendar for further direction in the pair 

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By FxWirePro Team