Thursday, October 15, 2026

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FxWirePro: EURUSD struggles to hold above 1.1200, good to sell on rallies

EUR/USD has made a high of 1.12144 on Friday and retreated from that level. Overall trend is still weak as long as resistance 1.1240 holds. Any break above 1.1240 would extend gains till 1.1280/1.1300 in short term. Over…

By Lis Howell
1 min read
FxWirePro: EURUSD struggles to hold above 1.1200, good to sell on rallies
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  • EUR/USD has made a high of 1.12144 on Friday and retreated from that level. Overall trend is still weak as long as resistance 1.1240 holds.

  • Any break above 1.1240 would extend gains till 1.1280/1.1300 in short term.

  • Overall trend reversal only above 1.1300 level.

  • On the lower side any break below 1.1150 will drag the pair further down till 1.1100/1.1080.

It is good to sell on rallies around 1.1850-900 with SL around 1.1240 for the TP of 1.1115/1.1080

 

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By FxWirePro Team