Technical Analysis of EUR/USD for March 22, 2016

Technical Analysis of EUR/USD for March 22, 2016

22 March 2016, 07:47
Roberto Jacobs
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Technical Analysis of EUR/USD for March 22, 2016

When the European market opens, some economic news will be released such as Belgian NBB Business Climate, ZEW Economic Sentiment, German ZEW Economic Sentiment, the Flash Services PMI, the Flash Manufacturing PMI, German Ifo Business Climate, the German Flash Services PMI, the German Flash Manufacturing PMI, the French Flash Services PMI, the French Flash Manufacturing PMI. The US will release economic data too such as the Richmond Manufacturing Index, Flash Manufacturing PMI, HPI m/m, so amid the reports, EUR/USD will move with low to medium volatility during this day.

1_EURUSD


TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1287.

Strong Resistance: 1.1281.

Original Resistance: 1.1270.

Inner Sell Area: 1.1259.

Target Inner Area: 1.1233.

Inner Buy Area: 1.1207.

Original Support: 1.1196.

Strong Support: 1.1185.

Breakout SELL Level: 1.1179.


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