EUR/USD's Short-Term Downward Momentum Intensifies, Charts Show -- Market Talk
Dow Jones
Oct 09, 2025
0033 GMT - EUR/USD's short-term downward momentum has intensified, based on charts, says Quek Ser Leang of UOB's Global Economics & Markets Research. The currency pair broke clearly below a rising daily trendline near the 1.1645 level and tested the base of the daily Ichimoku cloud at 1.1610 on Wednesday, the senior technical strategist notes. If EUR/USD closes below 1.1610, this could spark further losses toward the 21-week exponential moving average, which is around 1.1570, the strategist says in a research report. EUR/USD is 0.1% higher at 1.1636 in the early Asian session on Thursday, LSEG data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
October 08, 2025 20:33 ET (00:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.