Thursday, October 15, 2026

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FxWirePro: EUR/USD bounces to 1.1040, consolidating above 1.1000

EUR/USD bounced to 1.1048 after hitting session lows at 1.0960 and is currently consolidating above 1.1000 The pair edged higher supported by good results from the ZEW Survey in Germany and the euro area Increasing selli…

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

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  • EUR/USD bounced to 1.1048 after hitting session lows at 1.0960 and is currently consolidating above 1.1000 

  • The pair edged higher supported by good results from the ZEW Survey in Germany and the euro area

  • Increasing selling interest in the greenback also supporting the pair higher, longer term bias still with the bears 

  • EUR/USD is currently at 1.1044, with immediate resistance located at 1.1050 (Session High Aug 11), while support is seen at 1.0955 (10/21 DMAs)

  • Close below converged 10/21-day MAs at 1.0955 likely to put downside back in focus

Resistance levels:

R3: 1.1114 (Daily High Jul 31)

R2: 1.1083 (55 DMA)

R1: 1.1050 (Session High Aug 11)

Support levels:

S1: 1.0955 (10/21 DMAs)

S2: 1.0945 (200 HMA)

S3: 1.0926 (Daily Low Aug 10)

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By FxWirePro Team