Thursday, October 15, 2026

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EURUSD faces strong resistance at 61.8% fibo, break above targets 1.0800

Major resistance – 1.0670 (Dec 14th 2016 high). Major support – 1.0480 (Dec 5th Low). EUR/USD has taken support near 1.4800 and recovered sharply from that level. It is currently trading around 1.0608. It breaks 1.0600 h…

By FxWirePro Team
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EURUSD faces strong resistance at 61.8% fibo, break above targets 1.0800
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  • Major resistance – 1.0670 (Dec 14th 2016 high).
     
  • Major support – 1.0480 (Dec 5th Low).
     
  • EUR/USD has taken support near 1.4800 and recovered sharply from that level. It is currently trading around 1.0608.
     
  • It breaks 1.0600 handle in the Asian session and jumped till 1.06272. The pair should break above 1.06702 (61.8% retracement of 1.08735 and 1.03422).
     
  • Any break above 61.8% fibo level will take the pair to next level till 1.0745/1.08700.
     
  • EUR/USD should break below 1.04800 for minor weakness and any break below 1.04300/1.03800.the minor support is around 1.0550/1.0500.
     
  • On the higher side, any break above 1.0670 will take the pair to next level till 1.0745/1.08000.

    It is good to buy on dips around                1.0605 with SL around 1.0550 for the TP of 1.06700/1.0745/1.0870

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