EUR/USD Breaks Resistance as Dollar Pauses: Key Technical Levels and Outlook for October 16, 2025
EUR/USD showed gains above 1.0600 on October 16, 2025, driven by a weaker dollar and positioning ahead of key US data. Resistance near 1.0637 capped upside momentum, while Fed hawkishness and rising Treasury yields limited further rally. Watch support at 1.0580 and resistance levels up to 1.0800 amid ongoing geopolitical risk and divergent central bank outlooks. Analysis by Mahmoud Abdallah, DailyForex.
