Thursday, October 15, 2026

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FxWirePro: EUR/USD faces strong support at 1.1050, good to buy at dips

Major support - 1.0500 (200 day MA) The pair has retreated after making a high of 1.12442. It is currently trading around 1.1138. Short term trend is bullish as long as support 1.0500 holds. Any break below 1.0500 will d…

By Lis Howell
1 min read
FxWirePro: EUR/USD faces strong support at 1.1050, good to buy at dips
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  • Major support - 1.0500 (200 day MA)
     
  • The pair has retreated after making a high of 1.12442. It is currently trading around 1.1138.
     
  • Short term trend is bullish as long as support 1.0500 holds. Any break below 1.0500 will drag the pair down till 1.1000/1.0920. The minor support is at 1.10900.
     
  • On the higher side major resistance is around 1.1250 and break above targets 1.1280/1.1350.

It is good to buy at dips around 1.1100 with SL around 1.1050 for the TP of 1.1240/1.1280.

 

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By FxWirePro Team