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
|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%|
|USD||FOMC Member Evans Speaks||Medium|
4 Hours Chart
Daily Support And Resistance Levels