Technical Analysis of EUR/USD for March 15, 2016
When the European market opens, some economic news on the Employment Change q/q and French Final CPI m/m is due to be released. The US will deliver the economic data on the TIC Long-Term Purchases, NAHB Housing Market Index, Business Inventories m/m, Empire State Manufacturing Index, Core PPI m/m, Retail Sales m/m, PPI m/m, and Core Retail Sales m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1154.
Strong Resistance:1.1148.
Original Resistance: 1.1137.
Inner Sell Area: 1.1126.
Target Inner Area: 1.1100.
Inner Buy Area: 1.1074.
Original Support: 1.1063.
Strong Support: 1.1052.
Breakout SELL Level: 1.1046.
The material has been provided by InstaForex Company - www.instaforex.com
