Thursday, October 15, 2026

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EUR/USD breaks major resistance around 1.04640, jump till 1.0540 likely

Major Intraday Resistance - 1.04640 (Gann Fan 8*1) Major support – 1.03500 EUR/USD recovered sharply from the low of 1.03720 till 1.0646 at the time of writing . It is currently trading around 1.04547. Any indicative bre…

By FxWirePro Team
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EUR/USD breaks major resistance around 1.04640, jump till 1.0540 likely
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  • Major Intraday Resistance - 1.04640 (Gann Fan 8*1)
     
  • Major support – 1.03500
     
  • EUR/USD recovered sharply from the low of 1.03720 till 1.0646 at the time of writing . It is currently trading around 1.04547.
     
  • Any indicative break above 1.04640 will take the pair till 1.05425/1.05600 level. It should break above 1.06700 level for further jump.
     
  • On the lower side, any break below 1.03500 confirms further weakness a decline till 1.03100/1.0261 (161.8% retracement of 1.03522 and 1.04992).

    It is good to buy above 1.04640 with SL around 1.0430 for the TP of 1.05425/1.05600

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By FxWirePro Team