EURUSD – Daily Analysis – 09th October, 2015

Date: 09th October, 2015

Currency Pair: EURUSD

EURUSD turned flat near daily pivot level i.e. 1.1278. Upside bullish move has been stalled by 1.1322 the immediate resistance. Any successful attempts to break 1.1322 price level would help the pair to reach upto 1.1369 followed by 1.1413.

On downside 1.1231 is offering a strong support for today. Subsequently, 1.1187 and 1.1140 are other support levels.

EURUSD is trying to hold yesterday’s gain but still unable to set any bullish trend. Further advancement is only possible once the price able to break 1.1322. We can say the pair is now in a neutral territory.

Today’s Economic Events

Currency Event Impact Actual Forecast Previous
USD FOMC Member Williams Speaks Medium
EUR French Gov Budget Balance Low -79.8B
EUR French Industrial Production m/m Low 0.6% -0.8%
EUR Italian Industrial Production m/m Low -0.3% 1.1%
USD Import Prices m/m Medium -0.5% -1.8%
USD FOMC Member Lockhart Speaks Medium
USD Wholesale Inventories m/m Low 0.1% -0.1%
ALL IMF Meetings Low
USD FOMC Member Evans Speaks Medium

4 Hours Chart

Daily Support And Resistance Levels

Currency Pair S1 S2 S3 R1 R2 R3
EURUSD 1.1231 1.1187 1.1140 1.1322 1.1369 1.1413
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