FxWirePro: EUR/USD tests trend-line resistance at 1.4202, 1.1460 in sight

• EUR/USD tests trend-line resistance at 1.4202, convincing breaks above could take the pair to 1.1460 levels
  
  
• Risk-off, accentuated by yet another Chinese data disappointment benefiting the safe-haven status of the euro, keeps USD subdued
  
  
• Momentum studies, 5, 10 & 20 DMAs point higher, pair could target 1.1460 Sept high in days to come
  
  
• Due later today are Eurozone industrial production figures which could show the activity cooled in August, also US advance retail sales will likely decide the overall sentiment in the markets
  
  
• 1.1351 rising 5 DMA then 1.1320-25 316M strikes are initial support, while 1.1401 session high then yesterday's 1.1411 are initial resistance
  
  

Resistance Levels:

R1: 1.1427 (Session high Oct 14)

R2: 1.1460 (Daily High Sept 18)

R3: 1.1475 (61.8% Fibo 1.1715-1.1088)

Support Levels:

S1: 1.1386 (4h Tenkan Sen)

S2: 1.1345 (Session Low Oct 13)

S3: 1.1333 (Hourly Low Oct 9)