Steven Grant Almeida FX research and analysis
2026-10-16 · By Steven Grant Almeida

EUR/USD Daily Research Brief - 2026-10-16

Primary bias: bearish. This report was timestamped before its outcome and will remain in the archive.

Upper trigger 1.12447 Lower trigger 1.11095 Target 1 1.10627 Invalidation 1.11771

Bias factors

-1
Price vs EMA20
Price is below EMA20
-1
EMA9 vs EMA20
Fast EMA leads lower
-1
SMA20 vs SMA50
Medium trend is defensive
-1
Ichimoku cloud
Price is below the daily cloud

Technical snapshot

Close1.12212
EMA 9 / 201.12158 / 1.12901
SMA 20 / 50 / 2001.12958 / 1.14751 / 1.15863
RSI(14)37.4
ATR(14)72 pips

Sources and disclosure

  • OANDA v20: EUR/USD daily and four-hour midpoint candles
  • Stooq: US Dollar Index daily history (unavailable for this run)

Educational market research only. This is not individualized investment advice or a promise of future performance.