Thursday, October 15, 2026

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FxWirePro: EUR/USD accelerating downside, correction to 1.10 possible

EUR/USD gains were capped at 1.1083, Euro is accelerating its fall against the Greenback ahead of European open Germany Gfk Consumer Confidence Survey came in as expected, meets forecasts (10.1) in August Investors remai…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR/USD gains were capped at 1.1083, Euro is accelerating its fall against the Greenback ahead of European open

  • Germany Gfk Consumer Confidence Survey came in as expected, meets forecasts (10.1)  in August

  • Investors remain cautious ahead of the FOMC, fail to take on major bets, signs of risk aversion in major European equity markets could further weigh 

  • Immediate support is seen at 1.1022 (21-Day MA/Low Jul 27), breach of which could take the pair to 1.10 levels

  • Resistance on the upside is seen at 1.1099 (Session High Jul 28) and 1.1129 (Daily High Jul 27/55-DMA)

Resistance Levels:

R1: 1.1099 (Session High Jul 28)

R2: 1.1129 (Daily High Jul 27/55-DMA)

R3: 1.1197 (Daily High Jul 13)

Support Levels:

S1: 1.1022 (21-Day MA/Low Jul 27)

S2: 1.0994 (Daily Cloud Base)

S3: 1.0969 (Session Low Jul 27)

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By FxWirePro Team