Technical Analysis of EUR/USD for March 07, 2016

Technical Analysis of EUR/USD for March 07, 2016

7 March 2016, 09:34
Roberto Jacobs
0
49

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.


1_EURUSD


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



Share it with friends: