- The EUR /USD pair fell as low as 1.1150 during the early US session , as demand for greenback increased as markets saw less chance of a victory by Republican nominee Donald Trump in his U.S. presidential bid.
- The ongoing weakness is set to continue for this pair as the resistance level at 1.1227 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
- To the upside, the immediate resistance can be seen at 1.1188, a break above this level would expose the pair to next resistance level at 1.1200.
- To the downside, immediate support can be seen at 1.1149, a break below at this level will open the door towards next level at 1.1122.
Resistance Levels
R1: 1.1188 (50% Retracement level)
R2: 1.1200 (Psychological levels) |
R3: 1.1227 (61.8% Retracement level)
Support Levels
S1: 1.1149 (38.2% Retracement level)
S2: 1.1122 (Sep 21st lows)
S3: 1.1100 (23.6% Retracement level)