Thursday, October 15, 2026

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FxWirePro: Buy EURUSD above 1.06700

Major resistance – 1.0670 (Dec 14th 2016 high) Major support – 1.04600 (61.8% retracement of 1.03400 and 1.06645) EUR/USD has taken support near 104540 and recovered sharply from that level. It is currently trading aroun…

By FxWirePro Team
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FxWirePro: Buy EURUSD above 1.06700
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  • Major resistance – 1.0670 (Dec 14th 2016 high)
     
  • Major support – 1.04600 (61.8% retracement of 1.03400 and 1.06645)
     
  • EUR/USD has taken support near 104540 and recovered sharply from that level. It is currently trading around 1.06422.
     
  • It breaks 1.0600 handle and jumped till 1.066675. 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 1.04500 for minor weakness and any break below 1.03800/1.03400.the minor support is around 1.0580/1.0550.

    It is good to buy above 1.0670 with SL around 1.0600 for the TP of 1.0745/1.0870

 

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By FxWirePro Team