Thursday, October 15, 2026

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FxWirePro: EUR/USD rallies towards 1.1380 levels, but reversal is likely

The EUR/USD pair jumped up towards 1.1400 after US market opened as the pair once again found buying interest around 1.1329 price zone. However the pair was unable to move above 1.1400 ahead of the major FOMC meeting lat…

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

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  • The EUR/USD pair jumped up towards 1.1400 after US market opened as the pair once again found buying interest around 1.1329 price zone.
     
  • However the pair was unable to move above 1.1400 ahead of the major FOMC meeting later in the session.
     
  • Currently the pair is trading around 1.1377 levels ,it is set to reach 1.1340 and 1.1300 levels in the short term
     
  • To the upside, the strong resistance can be seen at 1.1400, a break above this level would take the pair towards next resistance level at 1.1436.
     
  • To the downside immediate support can be seen at 1.1331 levels, a break below this level will open the door towards next level at 1.1300.

    Resistance Levels

    R1: 1.1400 (50% Retracement level)

    R2: 1.1436 (April 1st high)

    R3: 1.1535 (61.8% Retracement level)

    Support Levels

    S1: 1.1331 (Daily lows)

    S2: 1.1300 (Psychological levels)

    S3: 1.1261 (23.6% Retracement level)

 

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By FxWirePro Team