Technical Analysis of EUR/USD for March 03, 2016
When the European market opens, some economic news will be released such as French 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will also publish several economic data such as Natural Gas Storage, Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, 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 LEVEL:
Breakout BUY Level: 1.0921.
Strong Resistance:1.0915.
Original Resistance: 1.0904.
Inner Sell Area: 1.0893.
Target Inner Area: 1.0868.
Inner Buy Area: 1.0843.
Original Support: 1.0832.
Strong Support: 1.0821.
Breakout SELL Level: 1.0815.
The material has been provided by InstaForex Company - www.instaforex.com
