Technical Analysis of EUR/USD for April 12, 2016
When the European market opens, some economic news will be released such as the German WPI m/m, German Final CPI m/m. The US will release economic data too such as the Federal Budget Balance, Import Prices m/m, NFIB Small Business Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1464.
Strong Resistance: 1.1457.
Original Resistance: 1.1446.
Inner Sell Area: 1.1435.
Target Inner Area: 1.1408.
Inner Buy Area: 1.1381.
Original Support: 1.1370.
Strong Support: 1.1359.
Breakout SELL Level: 1.1352.
The material has been provided by InstaForex Company - www.instaforex.com
