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
|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