Thursday, October 15, 2026

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FxWirePro:EUR/USD forms Bullish Gartley Pattern, good to buy on dips

Pattern formed – Bullish Gartley pattern Major resistance – 1.27750 Major support – 1.06580 (61.8% retracement of 1.05780 and 1.07750). EUR/USD has taken support near 61.8% fibo and jumped sharply from that level. It is …

By FxWirePro Team
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FxWirePro:EUR/USD forms Bullish Gartley Pattern, good to buy on dips
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  • Pattern formed – Bullish Gartley pattern
     
  • Major resistance – 1.27750
     
  • Major support – 1.06580 (61.8% retracement of 1.05780 and 1.07750).
     
  • EUR/USD has taken support near 61.8% fibo and jumped sharply from that level. It is currently trading around 1.06929.
     
  • On the higher side, the pair immediate resistance is around 1.0700 level and any break above will take the pair till 1.07750/1.0815 level.
     
  • The pair support is around 1.06580 (61.8% fibo) and any violation below will drag the EUR/USD till 1.0625/1.0578.

    It is good to buy on dips around 1.0670-1.0675 with SL around 1.06250 for the 1.07750/1.08015.

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By FxWirePro Team