Technical Analysis of EUR/USD for March 08, 2016
When the European market opens, some economic news on the Revised GDP q/q, French Trade Balance, French Gov Budget Balance, and German Industrial Production m/m is due to be released. The US will publish economic data on the NFIB Small Business Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1072.
Strong Resistance:1.1066.
Original Resistance: 1.1055.
Inner Sell Area: 1.1044.
Target Inner Area: 1.1018.
Inner Buy Area: 1.0992.
Original Support: 1.0981.
Strong Support: 1.0970.
Breakout sell level: 1.0964.
The material has been provided by InstaForex Company - www.instaforex.com
