Technical Analysis of EUR/USD for April 13, 2016

Technical Analysis of EUR/USD for April 13, 2016

When the European market opens, some economic news will be released such as Industrial Production m/m and the French Final CPI m/m. The US will release economic data too such as the Beige Book, 10-y Bond Auction, Crude Oil Inventories, Business Inventories m/m, Core PPI m/m, Retail Sales m/m, PPI m/m, Core Retail Sales 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: 1.1437.

Strong Resistance: 1.1430.

Original Resistance: 1.1419.

Inner Sell Area: 1.1408.

Target Inner Area: 1.1381.

Inner Buy Area: 1.1353.

Original Support: 1.1342.

Strong Support: 1.1331.

Breakout SELL Level: 1.1324.


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