Technical Analysis of EUR/USD for March 31, 2016
When the European market opens, some economic news will be released such as the Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, German Unemployment Change, Spanish Flash CPI y/y, French Prelim CPI m/m, French Consumer Spending m/m, and German Retail Sales m/m. The US will release economic data too such as Natural Gas Storage, the Chicago PMI, Unemployment Claims, and Challenger Job Cuts y/y. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1387.
Strong Resistance: 1.1380.
Original Resistance: 1.1369.
Inner Sell Area: 1.1358.
Target Inner Area: 1.1331.
Inner Buy Area: 1.1304.
Original Support: 1.1293.
Strong Support: 1.1282.
Breakout SELL Level: 1.1275.
The material has been provided by InstaForex Company - www.instaforex.com
