Unfortunately, there are currently no signs that the war momentum in the Middle East will reverse anytime soon. Netanyahu stated that Israel does not seek a prolonged war, but yesterday Trump did not rule out deploying ground troops and this morning said the United States is prepared for a long, victorious war. At present, rising gas prices in particular may pose a serious challenge for Europe and, consequently, for the euro. The chart shows RSI approaching oversold territory, while selling volume clearly dominates.
EURUSD (D1)

Source: xStation5
Daily Summary: Friday offers no relief; the US100 drops 2%🚨
Three Markets to Watch Next Week (October 16, 2026)
Market wrap: European indices rebound 🔼 Defence stocks on the rise
🔼 EURUSD continues to rebound