Technical Analysis of EUR/USD for April 18, 2016

Technical Analysis of EUR/USD for April 18, 2016

18 April 2016, 07:58
Roberto Jacobs
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Technical Analysis of EUR/USD for April 18, 2016

When the European market opens, some economic news will be released such as the German Buba Monthly Report. The US will release economic data too such as the NAHB Housing Market Index. 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: 1.1352.

Strong Resistance: 1.1346.

Original Resistance: 1.1335.

Inner Sell Area: 1.1324.

Target Inner Area: 1.1298.

Inner Buy Area: 1.1272.

Original Support: 1.1261.

Strong Support: 1.1250.

Breakout SELL Level: 1.1244.


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


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