Technical Analysis of EUR/USD for April 21, 2016

Technical Analysis of EUR/USD for April 21, 2016

21 April 2016, 09:16
Roberto Jacobs
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Technical Analysis of EUR/USD for April 21, 2016

When the European market opens, some economic news will be released such as the Consumer Confidence, Minimum Bid Rate, Spanish 10-y Bond Auction. The US will release economic data too such as the Natural Gas Storage, CB Leading Index m/m, HPI m/m, Unemployment Claims, Philly Fed Manufacturing 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: 1.1359.

Strong Resistance: 1.1352.

Original Resistance: 1.1341.

Inner Sell Area: 1.1330.

Target Inner Area: 1.1303.

Inner Buy Area: 1.1276.

Original Support: 1.1265.

Strong Support: 1.1254.

Breakout SELL Level: 1.1247.

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