Friday, October 16, 2026

Technicals

Add as a preferred source on Google

FxWirePro: EUR/USD faces strong trend line resistance at 1.06850, good to sell on rallies

Major resistance – 1.06850 (tend line joining 1.08167 and 1.07456) Major support – 1.0580 The pair has slightly recovered from the low of 1.0580 and jumped till 1.0649 at the time of writing. It is currently trading arou…

By FxWirePro Team
1 min read
FxWirePro: EUR/USD faces strong trend line resistance at 1.06850, good to sell on rallies
Image from the original EconoTimes article

Read the original article

  • Major resistance – 1.06850 (tend line joining 1.08167 and 1.07456)
     
  • Major support – 1.0580
     
  • The pair has slightly recovered from the low of 1.0580 and jumped till 1.0649 at the time of writing. It is currently trading around 1.06.
     
  • EUR/USD faces strong trend line resistance at 1.0680 and any violation above will targets 1.0750/1.08200.
     
  • On the lower side, any break below 1.0580 will drag the pair till 1.05400 (161.8% retracement of 1.0580 and 1.06490)/1.05000 in the short term.

    It is good to sell on rallies around 1.0680-1.06850 with SL 1.07500 for the TP of 1.05800/1.0525

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

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