Thursday, October 15, 2026

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FxWirePro:EUR/USD faces strong resistance around 1.06750, good to buy on dips

Major resistance – 1.0600 (trend line joining 1.08735 and 1.0675) Major support – 1.03400 EUR/USD has once recovered after making a low of 1.04800. It is currently trading around 1.05750. The pair broken the 1.0600 handl…

By FxWirePro Team
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FxWirePro:EUR/USD faces strong resistance around 1.06750, good to buy on dips
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  • Major resistance – 1.0600 (trend line joining 1.08735 and 1.0675)
     
  • Major support – 1.03400
     
  • EUR/USD has once recovered after making a low of 1.04800. It is currently trading around 1.05750.
     
  • The pair broken the 1.0600 handle and jumped till 1.06154 yesterday.
     
  • The pair should break below 1.04800 for minor weakness and any break below 1.04300/1.03800.the minor support is around 1.5470 (200- 4HMA).                                                                             
  • On the higher side, any break above 1.0620 will take the pair to next level till 1.06700/1.0745.Minor trend reversal above 1.06745.

    It is good to buy on dips around 1.0550 with SL 1.0480 for the TP of 1.06750/1.0700.

 

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By FxWirePro Team