Thursday, October 15, 2026

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FxWirePro: EUR/USD gains capped by 1.0980, momentum remains on downside

EUR/USD recovers from day's low by 1.0931 but keeps below the 1.1000 handle as EUR bulls struggle to extend gains Upbeat PMI data from the eurozone yesterday was largely ignored by the markets, traders cautious ahead of …

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR/USD recovers from day's low by 1.0931 but keeps below the 1.1000 handle as EUR bulls struggle to extend gains 

  • Upbeat PMI data from the eurozone yesterday was largely ignored by the markets, traders cautious ahead of the critical Non-farm Payrolls due on Friday

  • At the time of writing EUR/USD is trading at 1.0973, with immediate resistance at 1.0996 (Daily High Aug 3)

  • On the flip-side supports are seen at 1.0932 (Session Low Aug 4), followed by 1.0921 (Daily Low Jul 21) and then at 1.0894 (Daily Low Jul 30)

  • Momentum remains on downside and a daily close below 1.0894 will lead to a further collapse

Resistance Levels:

R1: 1.0996 (Daily High Aug 3)

R2: 1.1012 (Hourly High Jul 31)

R3: 1.1027 (Kijun-Sen)

Support Levels:

S1: 1.0932 (Session Low Aug 4)

S2: 1.0921 (Daily Low Jul 21)

S3: 1.0894 (Daily Low Jul 30)

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By FxWirePro Team