EUR/USD –16.10.2026
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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