Technical Analysis of EUR/USD for April 27, 2016

Technical Analysis of EUR/USD for April 27, 2016

27 April 2016, 10:43
Roberto Jacobs
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Technical Analysis of EUR/USD for April 27, 2016

When the European market opens, some economic news will be released such as the German 30-y Bond Auction, Private Loans y/y, M3 Money Supply y/y, GfK German Consumer Climate, and German Import Prices m/m. The US will release economic data too such as the Federal Funds Rate, FOMC Statement, Crude Oil Inventories, Pending Home Sales m/m, and Goods Trade Balance. So amid the reports, EUR/USD will move with medium to high volatility during this day.


1_EURUSD.jpg


TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1350.

Strong Resistance: 1.1344.

Original Resistance: 1.1333.

Inner Sell Area: 1.1322.

Target Inner Area: 1.1296.

Inner Buy Area: 1.1270.

Original Support: 1.1259.

Strong Support: 1.1248.

Breakout SELL Level: 1.1242.


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


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