Technical Analysis of EUR/USD for April 05, 2016
When the European market opens, the following economic news will be released: Retail Sales, m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, German Factory Orders, m/m.The US will also disclose the economic data, including IBD/TIPP Economic Optimism, JOLTS Job Openings, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance. So amid the reports, EUR/USD will move low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1441.
Strong Resistance:1.1434.
Original Resistance: 1.1423.
Inner Sell Area: 1.1412.
Target Inner Area: 1.1385.
Inner Buy Area: 1.1358.
Original Support: 1.1347.
Strong Support: 1.1336.
Breakout SELL Level: 1.1329.
The material has been provided by InstaForex Company - www.instaforex.com
