Thursday, October 15, 2026

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FxWirePro: EUR/USD rejected at 1.1197, slumps to 1.1053

Rally in the EUR/USD fizzled out as markets now weigh reports that Greece and the EU have found a common ground EUR/USD was rejected at 1.1197, and slumped to lows of 1.1053 The pair is currently trading at 1.1078 wih st…

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

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  • Rally in the EUR/USD fizzled out as markets now weigh reports that Greece and the EU have found a common ground

  • EUR/USD was rejected at 1.1197, and slumped to lows of 1.1053

  • The pair is currently trading at 1.1078 wih strong support at 1.1027 (100 DMA) and resiatance at 1.1077 (61.8% 1.0992-1216)

  • Hourly price action is back in the cloud, modestly negative setup - consolidation dominates - focus to remain on EZ headlines

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By FxWirePro Team