Thursday, October 15, 2026

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FxWirePro:EUR/USD downside capped by 10 –day MA, good to buy on dips

Major resistance – 1.08015 (161.8%retracement of 1.07196 and 1.05891) Major intraday support - 1.0709 (10- day MA). EUR/USD had shown a mild weakness yesterday after making a high of 1.08122 level. It is currently tradin…

By FxWirePro Team
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FxWirePro:EUR/USD downside capped by 10 –day MA, good to buy on dips
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  • Major resistance – 1.08015 (161.8%retracement of 1.07196 and 1.05891)
     
  • Major intraday support - 1.0709 (10- day MA).
     
  • EUR/USD had shown a mild weakness yesterday after making a high of 1.08122 level. It is currently trading around 1.01835.
     
  • The pair has once again broken the major pschycological level of 1.08000 in today European session and jumped till 1.08188 level.
     
  • On the lower side, minor support stands at 1.07650 and any break below that level will drag the pair down till 1.07300/1.07090/1.06540 (21- day MA).
     
  • The immediate resistance is around 1.08208 (50% retracement  of 1.12994 and 1.03402) and any break above will take the pair till 1.08735/1.09335).

    It is good to buy on dips around 1.0800 with SL around 1.07450 for the TP of 1.08735/1.09335

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By FxWirePro Team