Date: 12th October, 2015
Currency Pair: EURUSD
EURUSD remained unchanged for last few hours. Last Friday the pair had managed to close at positive note. For any further advancement the pair needs to break 1.1407 the immediate resistance for today. If it is broken then the price would reach up to 1.1456 and then 1.1527.
On downside 1st support is seen at 1.1287 followed by 1.1216 and 1.1167.
EURUSD had shown some good strength in last trading sessions. It is expected that the pair would able to continue its bullish momentum for this week. Today their is no important news events which may give some push to the pair. However at present the pair is trading in a positive zone from where further recovery is very much possible.
Today’s Economic Events
|USD||FOMC Member Lockhart Speaks||Medium|
|USD||FOMC Member Evans Speaks||Medium|
4 Hours Chart