EURUSD – Daily Analysis – 07th October, 2015

Date: 07th October, 2015

Currency Pair: EURUSD

EURUSD is trying to hold yesterday’s gain and now hovering few pips above daily pivot level i.e. 1.1240. Upside limit is capped by 1.1310. If it is broken then 1.1348 will be the next target followed by 1.1418.

Towards down 1.1202 is offering a strong support for today. Below this level 1.1132 and 1.1094 are other support levels.

Since yesterday the pair has been trying to recover from key support area. But still the pair is under a strong barrier, 1.1310 towards up and 1.1202 on downside. A good trend can be established only beyond these levels.

Today’s Economic Events

Currency Event Impact Actual Forecast Previous
USD FOMC Member Williams Speaks Medium
EUR German Industrial Production m/m Low 0.3% 0.7%
EUR French Trade Balance Low -3.6B -3.3B
EUR German 10-y Bond Auction Low 0.69|1.2
USD Crude Oil Inventories Medium 2.2M 4.0M
USD 10-y Bond Auction Low 2.24|2.7

4 Hours Chart

Daily Support And Resistance Levels

Currency Pair S1 S2 S3 R1 R2 R3
EURUSD 1.1202 1.1132 1.1094 1.1310 1.1348 1.1418
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