Technical Analysis of EUR/USD for April 22, 2016

Technical Analysis of EUR/USD for April 22, 2016

22 April 2016, 08:58
Roberto Jacobs
0
19

Technical Analysis of EUR/USD for April 22, 2016

When the European market opens, some economic news will be released such as the Italian Retail Sales m/m, Flash Manufacturing PMI, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release economic data too such as the Flash Manufacturing PMI. 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: 1.1344.

Strong Resistance: 1.1338.

Original Resistance: 1.1327.

Inner Sell Area: 1.1316.

Target Inner Area: 1.1290.

Inner Buy Area: 1.1264.

Original Support: 1.1253.

Strong Support: 1.1242.

Breakout SELL Level: 1.1236.

The material has been provided by Iifx_logo.gif


Share it with friends: