Technical Analysis of EUR/USD for April 04, 2016

Technical Analysis of EUR/USD for April 04, 2016

4 April 2016, 08:41
Roberto Jacobs
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Technical Analysis of EUR/USD for April 04, 2016

When the European market opens, some economic news will be released such as the PPI m/m, Unemployment Rate, Sentix Investor Confidence, Spanish Unemployment Change. The US will release economic data too such as the Labor Market Conditions Index m/m, Factory 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: 1.1450.

Strong Resistance: 1.1443.

Original Resistance: 1.1432.

Inner Sell Area: 1.1421.

Target Inner Area: 1.1395.

Inner Buy Area: 1.1368.

Original Support: 1.1357.

Strong Support: 1.1346.

Breakout SELL Level: 1.1339.


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


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