Technical Analysis of EUR/USD for March 24, 2016

Technical Analysis of EUR/USD for March 24, 2016

24 March 2016, 07:35
Roberto Jacobs
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Technical Analysis of EUR/USD for March 24, 2016

When the European market opens, some economic news will be released such as the Targeted LTRO, Italian 10-y Bond Auction, Italian Retail Sales m/m, ECB Economic Bulletin, GfK German Consumer Climate, and German Import Prices m/m. The US will release economic data too such as Natural Gas Storage, the Flash Services PMI, Durable Goods Orders m/m, Unemployment Claims, and Core Durable Goods Orders 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: 1.1230.

Strong Resistance: 1.1224.

Original Resistance: 1.1213.

Inner Sell Area: 1.1202.

Target Inner Area: 1.1176.

Inner Buy Area: 1.1150.

Original Support: 1.1139.

Strong Support: 1.1128.

Breakout SELL Level: 1.1122.


The material has been provided by InstaForex Company - www.instaforex.com


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