Thursday, October 15, 2026

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FxWirePro: EUR/USD faces strong resistance around 1.0985, good to sell on rallies

Major resistance - 1.09850 The pair has retreated after making a high of 1.09626 at the time of writing. It is currently trading around 1.09140. Short term trend is weak as long as resistance 1.09850 holds. Any break abo…

By Lis Howell
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FxWirePro: EUR/USD faces strong resistance around 1.0985, good to sell on rallies
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  • Major resistance - 1.09850
     
  • The pair has retreated after making a high of 1.09626 at the time of writing. It is currently trading around 1.09140.
     
  • Short term trend is weak as long as resistance 1.09850 holds.
     
  • Any break above 1.09850 will take the pair to next level 1.1050/1.1070 level.
     
  • Overall bearish invalidation only above 1.10880.
     
  • On the lower minor support is around 1.09000 and break below targets 1.0820/1.0800.

It is good to sell on rallies around 1.0925-930 with SL around 1.09850 for the TP of 1.0820/1.0800

 

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By FxWirePro Team