Thursday, October 15, 2026

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FxWirePro: EUR/USD drops below 1.1350 level as dollar advances on U.S. Fed rate hike views

EUR /USD pair declined on Friday as the pair attracted selling interest after comments in favour of a hike from San Francisco Federal Reserve’s William Dudley offered support to the dollar. Currently, the pair is trading…

By FxWirePro Team
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR /USD pair declined on Friday as the pair attracted selling interest after comments in favour of a hike  from San Francisco Federal Reserve’s William Dudley offered support to the dollar. 
     
  • Currently, the pair is trading around 1.1319 levels, it is set to decline further towards 1.1280 later towards 1.1400 levels in the short term.
     
  • To the upside, the strong resistance can be seen at 1.1368, a break above will take the pair towards next resistance level at 1.1398.
     
  • To the downside immediate support can be seen at 1.1297 levels, a break below will open gates towards 1.1250 levels

    Resistance Levels

    R1: 1.1330 (50% Retracement level)

    R2: 1.1368 (61.8% Retracement level)

    R3: 1.1400 (Psychological levels)

    Support Levels

    S1: 1.1297 (38.2% Retracement level)

    S2: 1.1250 (23.6% Retracement level)

    S3: 1.1221 (June 17th lows)

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By FxWirePro Team