Thursday, October 15, 2026

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FxWirePro: EUR/USD rallies towards 1.1110 levels, but reversal is likely

EUR /USD pair advanced in today’s US session after buyers stepped in, after data showed US retail sales printed less than anticipated figures in February. However, the gains should be limited as the pair is set to come u…

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

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  • EUR /USD pair advanced in today’s US session after buyers stepped in, after data showed US retail sales printed less than anticipated figures in February.
     
  • However, the gains should be limited as the pair is set to come under selling pressure ahead of Wednesdays FOMC meeting.
     
  • To the upside, the strong resistance can be seen at 1.1177, a break above will take the pair towards next resistance level at 1.1223.
     
  • To the downside immediate support can be seen 1.1078 levels, a break below will open gates towards 1.1049 levels.

    Resistance Levels

    R1: 1.1127 (38.2% Retracement level)

    R2: 1.1177 (Daily high)

    R3: 1.1223 (23.6% Retracement level)

    Support Levels

    S1: 1.1078 (Daily lows)

    S2: 1.1049 (50% Retracement level)

    S3: 1.0970 (61.8% Retracement level)

 

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By FxWirePro Team