Technical Analysis Of EUR/USD For Dec 13, 2016

When the European market opens, a series of economic data will be released such as ZEW Economic Sentiment, Employment Change q/q, German ZEW Economic Sentiment, Italian Industrial Production m/m, German WPI m/m, and German Final CPI m/m. The US will also release some economic news such as 30-y Bond Auction, Import Prices m/m, and NFIB Small Business Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.0691.

Strong Resistance: 1.0684.

Original Resistance: 1.0674.

Inner Sell Area: 1.0664.

Target Inner Area: 1.0639.

Inner Buy Area: 1.0614.

Original Support: 1.0604.

Strong Support: 1.0594.

Breakout SELL Level: 1.0587.