Thursday, October 15, 2026

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FxWirePro: EUR/USD faces strong resistance at 1.1360, good to sell on ralli

Major resistance- 1.12630 (50% retracement of 1.16163 and 1.09115). Major support – 1.1209 (100- day MA). Major resistance - 1.13660 (Aug 18th high). Major support - 1.1229 (21- day MA). EUR/USD has declined sharply till…

By FxWirePro Team
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FxWirePro: EUR/USD faces strong resistance at 1.1360, good to sell on ralli
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  • Major resistance- 1.12630 (50% retracement of 1.16163 and 1.09115).
     
  • Major support – 1.1209 (100- day MA).
     
  • Major resistance - 1.13660 (Aug 18th high).
     
  • Major support - 1.1229 (21- day MA).
     
  • EUR/USD has declined sharply till 1.1240 from the high of 1.13240 yesterday after ECB kept its interest rates unchanged.
     
  • The European Central Bank has kept its $1.9 trillion stimulus unchanged at policy meeting as deflation closes in.
     
  • The pair is facing strong resistance at 1.13660 and any break above 1.13660 will take the pair to next level till 1.1400/1.14350.
     
  • On the lower side, any violation below 1.1220 will drag the pair till 1.1200 (100-day MA)/1.11400.
     
  • Short term weakness only below 1.1045.

    It is good to sell on rallies around 1.1300  with SL around 1.13660 for the TP of 1.1200/1.1140

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team