Technical Analysis of EUR/USD for March 16, 2016
When the European market opens, some economic news will be released such as the German 10-y Bond Auction. The US will release economic data too such as the Federal Funds Rate, FOMC Statement, FOMC Economic Projections, Crude Oil Inventories, Industrial Production m/m, Capacity Utilization Rate, Housing Starts, Core CPI m/m, CPI m/m, and Building Permits. So amid the reports, EUR/USD will move with medium to high volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1161.
Strong Resistance: 1.1155.
Original Resistance: 1.1144.
Inner Sell Area: 1.1133.
Target Inner Area: 1.1107.
Inner Buy Area: 1.1081.
Original Support: 1.1070.
Strong Support: 1.1059.
Breakout SELL Level: 1.1053.
The material has been provided by InstaForex Company - www.instaforex.com
