Technical Analysis of EUR/USD for April 07, 2016

Technical Analysis of EUR/USD for April 07, 2016

7 April 2016, 10:06
Roberto Jacobs
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Technical Analysis of EUR/USD for April 07, 2016

When the European market opens, some economic news will be released such as ECB Monetary Policy Meeting Accounts, French 10-y Bond Auction, French Trade Balance. The US will release economic data too such as Consumer Credit m/m, Natural Gas Storage, Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.


1_EURUSD.jpg


TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1454.

Strong Resistance: 1.1447.

Original Resistance: 1.1436.

Inner Sell Area: 1.1425.

Target Inner Area: 1.1398.

Inner Buy Area: 1.1371.

Original Support: 1.1360.

Strong Support: 1.1349.

Breakout SELL Level: 1.1342.


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



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