EURUSD – Daily Analysis – 12th October, 2015

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

Currency Event Impact Actual Forecast Previous
USD FOMC Member Lockhart Speaks Medium
USD FOMC Member Evans Speaks Medium

4 Hours Chart



Daily Support And Resistance Levels

Currency Pair S1 S2 S3 R1 R2 R3
EURUSD 1.1287 1.1216 1.1167 1.1407 1.1456 1.1527
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