Technical Analysis of EUR/USD for March 07, 2016
When the European market opens, some economic news will be released such as Eurogroup Meetings, Sentix Investor Confidence, and German Factory Orders m/m. The US will release the economic data too such as Consumer Credit m/m and Labor Market Conditions Index m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1048.
Strong Resistance:1.1042.
Original Resistance: 1.1031.
Inner Sell Area: 1.1020.
Target Inner Area: 1.0995.
Inner Buy Area: 1.0970.
Original Support: 1.0959.
Strong Support: 1.0948.
Breakout SELL Level: 1.0942.
The material has been provided by InstaForex Company - www.instaforex.com
