Technical Analysis of EUR/USD for April 14, 2016

Technical Analysis of EUR/USD for April 14, 2016

14 April 2016, 08:50
Roberto Jacobs
0
36

Technical Analysis of EUR/USD for April 14, 2016


1_EURUSD.jpg


When the European market opens, some economic news will be released such as the Final Core CPI y/y and Final CPI y/y. The US will release economic data too such as the 30-y Bond Auction, Natural Gas Storage, Unemployment Claims, Core CPI m/m, CPI 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: 1.1332.

Strong Resistance: 1.1326.

Original Resistance: 1.1315.

Inner Sell Area: 1.1304.

Target Inner Area: 1.1278.

Inner Buy Area: 1.1252.

Original Support: 1.1241.

Strong Support: 1.1230.

Breakout SELL Level: 1.1224.


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


Share it with friends: