Date: 19th October, 2015
Currency Pair: EURUSD
EURUSD is under bearish pressure and currently hovering around daily pivot area i.e. 1.1359. We can find an immediate support at 1.1322. Any break here could push the pair towards next support level i.e. 1.1295 followed by 1.1258.
On other hand despite of repeated attempts the pair had failed to cross 1.1386 resistance level. Beyond this level we can find 1.1423 and 1.1450 as important subsequent resistance levels.
In last two trading sessions we’ve seen downfall from this pair. A continuation towards bearish movement is still possible. But before that the pair should need to cross 1.1322 support. I’m bearish on this pair.
Today’s Economic Events
|EUR||German Buba Monthly Report||Low|
|USD||FOMC Member Brainard Speaks||Medium|
|USD||NAHB Housing Market Index||Low||62||62|
|USD||FOMC Member Lacker Speaks||Low|
4 Hours Chart
Daily Support And Resistance Levels