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