Friday, October 16, 2026

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EUR/USD is trading above major support 1.0880, uptrend till 1.10350 is expected

RES 4: 1.12 RES 3: 1.0862 RES 2: 1.1069 (200 day 4HMA) RES 1: 1.10360 (Mar 18th high) PRICE: 1.09872 (11:55 GMT ) SUP 1: 1.0880 SUP 2: 1.0749 (Tenken-Sen) SUP 3:1.0610 (Mar 19th low) SUP 4: 1.0500 Commentary: EUR/USD has…

By Lis Howell
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • RES 4: 1.12 

  • RES 3: 1.0862 

  • RES 2: 1.1069 (200 day 4HMA) 

  • RES 1: 1.10360 (Mar 18th high)

     PRICE: 1.09872 (11:55 GMT ) 

  • SUP 1: 1.0880 

  • SUP 2: 1.0749 (Tenken-Sen)
  • SUP 3:1.0610 (Mar 19th low) 

  • SUP 4: 1.0500 

Commentary: 

EUR/USD has retreated after making a high of 1.10281 . Overall bearish invalidation can happen only above 1.10360. Any break above will take the pair till 1.120 in short term. 

Intraday weakness can be seen only if closes below 1.0880. Traders can hold their long position with stop around 1.0880 . It is good to buy at dips around 1.09500 for the target of 1.10350. 

 

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