EUR/USD, GBP/USD, and USD/CAD – Short-Term Forecast for 10/8/2026

EUR/USD, GBP/USD, and USD/CAD – Short-Term Forecast for 10/8/2026

Source: EODHD - https://finance.yahoo.com/markets/currencies/articles/eur-usd-gbp-usd-usd-135647672.html
Published: Aug 10, 2026 9:56 AM

EUR/USD Technical AnalysisEUR/USD eases to 1.1546 after spiking to 1.1580, trading now close to its 50-Day EMA. Source: TradingView The Euro finds itself a little bit soft on Monday as we head into the New York session. I'll be watching the 1.1520 area for potential support. We'll have to wait and see. A little bit of a bounce would be compelling, for me at least, to start thinking about the upside, but if we break down below there, then we could see a deeper correction. As usual, we'll have to watch the interest rate situation in the United States vis-à-vis Europe, and at this point, it looks very much like a market that is trying to turn things around from a longer-term standpoint, but one...

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.