Technical Analysis Of EUR/USD For Dec 07, 2016

When the European market opens, some economic data are due today such as Italian Quarterly Unemployment Rate, French Trade Balance, and German Industrial Production m/m. The US will release the economic data too such as Consumer Credit m/m, Crude Oil Inventories, and JOLTS Job Openings. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.0766.

Strong Resistance:1.0760.

Original Resistance: 1.0749.

Inner Sell Area: 1.0738.

Target Inner Area: 1.0713.

Inner Buy Area: 1.0688.

Original Support: 1.0677.

Strong Support: 1.0666.

Breakout SELL Level: 1.0660.