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.
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
