Thursday, October 15, 2026

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EUR/USD forms BIG W pattern, break above 1.1215 confirms bullishness

EUR/USD has formed BIG W Pattern. Major resistance is around 1.2150 and any break above confirms bullishness, jump till 1.1435/1.1465. On the downside major support is around 1.1050 and break below confirms short term we…

By Lis Howell
1 min read
EUR/USD forms BIG W pattern, break above 1.1215 confirms bullishness
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  • EUR/USD has formed BIG W Pattern. Major resistance is around 1.2150 and any break above confirms bullishness, jump till 1.1435/1.1465.

  • On the downside major support is around 1.1050 and break below confirms short term weakness, a decline till 1.100/1.0920 cannot be ruled out.

  • The minor supports are at 1.1140/1.1090/1.1065.

It is good to buy above 1.1215 with SL around 1.1140 for the TP of 1.1435/1.1460

 

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