Technical Analysis of EUR/USD for March 17, 2016
When the European market opens, some economic news will be released such as the Spanish 10-y Bond Auction, Trade Balance, Final Core CPI y/y, Final CPI y/y, Italian Trade Balance. The US will release economic data too such as Natural Gas Storage, the CB Leading Index m/m, JOLTS Job Openings, JOLTS Job Openings, Unemployment Claims, the Philly Fed Manufacturing Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1268.
Strong Resistance: 1.1262.
Original Resistance: 1.1251.
Inner Sell Area: 1.1240.
Target Inner Area: 1.1214.
Inner Buy Area: 1.1188.
Original Support: 1.1177.
Strong Support: 1.1166.
Breakout SELL Level: 1.1160.
The material has been provided by InstaForex Company - www.instaforex.com
