Thursday, October 15, 2026

Technicals

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FxWirePro: EUR/USD l gains some upside momentum but still bearish

The EUR/USD pair traded in higher range on Thursday as poor batch of Chinese trade numbers halted the dollar's broader rally. China's September exports fell 10 percent from a year earlier, far worse than expected, while …

By FxWirePro Team
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • The EUR/USD pair traded in higher range on Thursday as poor batch of Chinese trade numbers halted the dollar's broader rally.
     
  • China's September exports fell 10 percent from a year earlier, far worse than expected, while imports unexpectedly shrank after picking up in August.
     
  • However, further upside in this pair should be limited as euro is set to weaken against green back in the short term.
     
  • To the upside, the strong resistance can be seen at 1.1067 a break above will take the pair towards next resistance level at 1.1100.
     
  • To the downside, immediate support can be seen at 1.1007 levels, a break below will open the door towards next level at 1.0970.

    Resistance Levels

    R1: 1.1040 (50% Retracement level)

    R2: 1.1067 (61.8% Retracement level)

    R3: 1.1100 (Psychological levels)

    Support Levels

    S1: 1.1007 (38.2% Retracement level)

    S2: 1.0970 (23.6% Retracement level)

    S3: 1.0950 (July 25th lows)

 

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By FxWirePro Team