Technical Analysis Of EUR/USD for Dec 05, 2016

When the European market opens, some Economic Data will be released such as Eurogroup Meetings, Retail Sales m/m, Sentix Investor Confidence, Sentix Investor Confidence, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will release the economic data, too, such as Labor Market Conditions Index m/m, ISM Non-Manufacturing PMI, and Final Services PMI. So, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.0617.

Strong Resistance:1.0610.

Original Resistance: 1.0600.

Inner Sell Area: 1.0590.

Target Inner Area: 1.0565.

Inner Buy Area: 1.0540.

Original Support: 1.0530.

Strong Support: 1.0520.

Breakout SELL Level: 1.0513.