Friday, October 16, 2026

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FxWirePro:EUR/USD faces strong resistance at 1.09550, good to buy on dips

Major Resistance- 1.09550 (support turned into resistance) Major support - 1.08500 EUR/USD pared its gains yesterday after jumping till 1.09458 level. The pair declined till 1.08920 and slightly recovered from that level…

By FxWirePro Team
1 min read
FxWirePro:EUR/USD faces strong resistance at 1.09550, good to buy on dips
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  • Major Resistance- 1.09550 (support turned into resistance)
     
  • Major support - 1.08500
     
  • EUR/USD pared its gains yesterday after jumping till 1.09458 level. The pair declined till 1.08920 and slightly recovered from that level.
     
  • It should break above 1.09550 for further upside. Any break above 1.09550 will take the pair to next level till 1.1000/1.0392 (Oct 20th high).
     
  • On the lower side, any break below 1.0850 will drag the pair to next immediate support at 1.0820/1.0770.

    It is good to buy on dips around   1.08750 with SL around 1.0850 for the TP of 1.0950/1.100

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team