EUR /USD pair slipped to lower levels in early European session after German industrial output posted its steepest drop in the year. However, the pair managed to recover after hitting strong support level at 1.1234 and is inching towards resistance level located at 1.1289. Any decline should be limited around 1.1180 levels as this area is strongly defended by the bulls. Therefore it's good buy this pair above 1.1200 levels.
- To the upside, the strong resistance can be seen at 1.1318 (Oct 2nd high), a break above this level would take the pair towards next resistance at 1.1354.
- To the downside immediate support can be seen at 1.1234 levels, a break below this level will open the door towards next level at 1.1180.
Recommendation: Go long above 1.1200, targets 1.1270, 1.1320, SL 1.1250
Resistance Levels
R1: 1.1288 (38.2% Retracement level)
R2: 1.1318 (Oct 2nd high)
R3: 1.1354 (23.6% Retracement level)
Support Levels
S1: 1.1234 (50% Retracement level)
S2: 1.1180 (61.8% Retracement level)
S3: 1.1150 (Oct 2nd lows)


FxWirePro- Major European Indices
FxWirePro: NZD/USD sustains gains as uptrend remains strong
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: EUR/AUD poised for further downside after key fibo break
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: GBP/USD hits 5-week,scope for further upside
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Major Crypto levels and bias summary
AUDJPY Eyes New Highs: Bulls Hold 102 Support, Target 104
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed 



