Thursday, October 15, 2026

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FxWirePro: EUR/USD Long Term outlook

Major resistance – 1.06700 (Dec 14th high) Major support – 1.03500 The pair hits fresh year low at 1.03522on Dec 20th 2016 and slightly gained from that level. It is currently trading around 1.04875. It has jumped till 1…

By FxWirePro Team
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FxWirePro: EUR/USD Long Term outlook
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  • Major resistance – 1.06700 (Dec 14th high)
     
  • Major support – 1.03500
     
  • The pair hits fresh year low at 1.03522on Dec 20th 2016 and slightly gained from that level. It is currently trading around 1.04875.
     
  • It has jumped till 1.06530 from the year low of 1.03522. EUR/USD should break above 1.067000 for the minor bullishness.
     
  • Any break above 1.06700 will take the pair till 1.08735 (Dec 8th 2016 high)/1.0935 (100- day MA)/1.1000.
     
  • On the lower side, any break below 1.03500 confirms bearish continuation, a decline till 1.0255/1.01574 (161.8% retracement of 1.03522 and 1.06530).

    It is good to sell on rallies around 1.06000 with SL around 1.06750 for the TP of 1.03600

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By FxWirePro Team