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.
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
