Technical Analysis of EUR/USD for April 06, 2016

Technical Analysis of EUR/USD for April 06, 2016

6 April 2016, 08:43
Roberto Jacobs
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Technical Analysis of EUR/USD for April 06, 2016

When the European market opens, some economic news will be released such as the Retail PMI and German Industrial Production m/m. The US will release economic data too such as Crude Oil Inventories. 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: 1.1435.

Strong Resistance: 1.1428.

Original Resistance: 1.1417.

Inner Sell Area: 1.1406.

Target Inner Area: 1.1379.

Inner Buy Area: 1.1352.

Original Support: 1.1341.

Strong Support: 1.1330.

Breakout SELL Level: 1.1323.


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


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