EURUSD eases further on Monday, pressuring new 2026 low (also the floor of one-week consolidation), driven by stronger dollar and crude oil.
Near-term risk is expected to remain shifted lower as markets anticipate further rise in US consumer prices (data due on Wednesday) that would boost bets for Fed entering tightening cycle (despite wide expectations that the central bank will stay on hold in Oct 28 policy meeting).
Daily studies maintain strong bearish structure, although oversold RSI may continue to produce headwinds, but limited upticks were so far capped under falling 10DMA (initial resistance), suggesting that bears continue to hold grip.
Immedate targets lay at 1.1130 (50% retracement of 1.0177/1.2082 uptrend) and 1.1100 (200WMA / round-figure support), violation of which would unmask more significant psychological support at 1.10.
Res: 1.1215; 1.1242; 1.1276; 1.1320
Sup: 1.1160; 1.1130; 1.1100; 1.1065
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