Technical Analysis of EUR/USD for March 29, 2016

Technical Analysis of EUR/USD for March 29, 2016

29 March 2016, 09:02
Roberto Jacobs
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Technical Analysis of EUR/USD for March 29, 2016

When the European market opens, some economic news will be released such as Private Loans y/y and M3 Money Supply y/y. The US will release economic data too such as CB Consumer Confidence and the S&P/CS Composite-20 HPI y/y. 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: 1.1253.

Strong Resistance: 1.1247.

Original Resistance: 1.1236.

Inner Sell Area: 1.1225.

Target Inner Area: 1.1199.

Inner Buy Area: 1.1173.

Original Support: 1.1162.

Strong Support: 1.1151.

Breakout SELL Level: 1.1145.


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


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