EURUSD – Daily Analysis – 19th October, 2015

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

Currency Event Impact Actual Forecast Previous
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

Currency Pair S1 S2 S3 R1 R2 R3
EURUSD 1.1322 1.1295 1.1258 1.1386 1.1423 1.1450
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