Thursday, October 15, 2026

Technicals

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FxWirePro: EUR/USD loses momentum but outlook is bullish

The EUR/USD pair traded in higher range today in the early European session hitting as high as 1.1615 before retreating back towards 1.1561 levels. However, further decline towards lower levels should be limited as the e…

By Keith Miller
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • The EUR/USD pair traded in higher range today in the early European session hitting as high as 1.1615 before retreating back towards 1.1561 levels.
     
  • However, further decline towards lower levels should be limited as the euro is set to strengthen against broadly weaker green back in the short term.
     
  • To the upside, the strong resistance can be seen at 1.1615, a break above will take the pair towards next resistance level at 1.1687.
     
  • To the downside immediate support can be seen at 1.1503 levels, a break below will open the door towards next level at 1.1449.

    Resistance Levels

    R1: 1.1557 (38.2% Retracement level)

    R2: 1.1615 (Daily high)

    R3: 1.1687 (Jan 18th high)

    Support Levels

    S1: 1.1503 (50% Retracement level)

    S2: 1.1449 (61.8% Retracement level)

    S3: 1.1400 (Psychological levels)

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By FxWirePro Team