Technical Analysis of EUR/USD for April 05, 2016

Technical Analysis of EUR/USD for April 05, 2016

5 April 2016, 09:33
Roberto Jacobs
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Technical Analysis of EUR/USD for April 05, 2016

When the European market opens, the following economic news will be released: Retail Sales, m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, German Factory Orders, m/m.The US will also disclose the economic data, including IBD/TIPP Economic Optimism, JOLTS Job Openings, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance. So amid the reports, EUR/USD will move low to medium volatility during this day.


1_EURUSD


TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1441.

Strong Resistance:1.1434.

Original Resistance: 1.1423.

Inner Sell Area: 1.1412.

Target Inner Area: 1.1385.

Inner Buy Area: 1.1358.

Original Support: 1.1347.

Strong Support: 1.1336.

Breakout SELL Level: 1.1329.


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