Wednesday, August 24, 2016

Technical analysis of EUR/USD

EURUSD Technical Analysis

When the European market opens, some economic data will be released such as Belgian NBB Business Climate, German Final GDP q/q.The US will release the economic data too such as Crude Oil Inventories, Existing Home Sales, HPI m/m, so amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1352.

Strong Resistance:1.1346.

Original Resistance: 1.1335.

Inner Sell Area: 1.1324.

Target Inner Area: 1.1298.

Inner Buy Area: 1.1272.

Original Support: 1.1261.

Strong Support: 1.1250.

Breakout SELL Level: 1.1244.

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