Thursday, October 15, 2026

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FxWirePro:EUR/USD struggles to close above 55-day EMA, good to sell on rallies

Major resistance - 1.1180 (55- day EMA). The pair has made slight jump above 55- day EMA and started to decline from that level. In the daily chart ,EUR/USD is facing strong resistance at 1.1260 and further bullishness c…

By FxWirePro Team
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FxWirePro:EUR/USD struggles to close above 55-day EMA, good to sell on rallies
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  • Major resistance - 1.1180 (55- day EMA).
     
  • The pair has made slight jump above 55- day EMA and started to decline from that level.  
     
  • In the daily chart ,EUR/USD is facing strong resistance at 1.1260 and further bullishness can be seen only above that level.
     
  • Any break above 1.1260 will take the pair till 1.1300/1.1370.The minor resistance is at 1.1206/1.123 (daily Kijun-Sen).
     
  • On the lower side, minor support is around 1.11400 and any break below targets 1.112 (200- day MA)/1.1045.

    It is good to sell on rallies around 1.1200 with SL around 1.1260 for the TP of 1.1117 

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By FxWirePro Team