Forex Trading Library

EUR/USD –16.10.2026

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Euro still hovering around downtrend resistance line as drop pressure still affect market

As long as market holding trades below resistance 1.1240-80 the drop pressure may sustain toward target and support 1.1065 which in turn may push for rebound correction

Above 1.1350 more advance is likely

Below 1.1065 more drops is likely

 

SUPPORT RESISTANCE
LEVEL1 1.1160 1.1240-80
LEVEL2 1.1065 1.1350
LEVEL3 1.0975 1.1475
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