Technical Analysis of EUR/USD for July 01, 2016

Technical Analysis of EUR/USD for July 01, 2016

1 July 2016, 10:25
Roberto Jacobs
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Technical Analysis of EUR/USD for July 01, 2016


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When the European market opens, some economic news will be released such as the Unemployment Rate, Italian Monthly Unemployment Rate, Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. The US will release economic data too such as the Total Vehicle Sales, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing, PMI, and Final Manufacturing PMI. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1155.

Strong Resistance: 1.1149.

Original Resistance: 1.1138.

Inner Sell Area: 1.1127.

Target Inner Area: 1.1101.

Inner Buy Area: 1.1075.

Original Support: 1.1064.

Strong Support: 1.1053.

Breakout SELL Level: 1.1047.

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