Technical Analysis of EUR/USD for April 26, 2016

Technical Analysis of EUR/USD for April 26, 2016

26 April 2016, 10:09
Roberto Jacobs
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Technical Analysis of EUR/USD for April 26, 2016

When the European market opens, no economic news will be released, but the US will release some economic data such as the Richmond Manufacturing Index, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Orders m/m, Core Durable Goods Orders m/m. 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: 1.1320.

Strong Resistance: 1.1314.

Original Resistance: 1.1303.

Inner Sell Area: 1.1292.

Target Inner Area: 1.1266.

Inner Buy Area: 1.1240.

Original Support: 1.1229.

Strong Support: 1.1218.

Breakout SELL Level: 1.1212.


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


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