Review :
Yesterday after the Strong Downtrend couple days ago, this pair entering in Sideways period. After London Market opened EUR/USD has got a bearish pressure especially when this pair entering Inner Selling Area at 1.2881; this pair with easy hits the Inner Target Area at 1.2850. But after this pair hit the Strong Support at 1.2795 this pair gain a little bit momentum especially when this pair starting hit the Inner Buying Area this pair directly goes to Inner Area Target again at 1.2850. Before it starts ranging until now (Asian market Session). However the bias for this pair is still in a Bearish Mode.
Technical Trading Level Area:
Breakout Buy level : 1.2904.
Strong Resistance : 1.2896.
Original Resistance : 1.2884
Inner Sell Area : 1.2871.
Target Inner Area : 1.2841.
Inner Buy Area : 1.2810.
Original Support : 1.2798.
Strong Support : 1.2785.
Breakout Sell level : 1.2778.
Fundamental News release:
This day seems to be a busy day and a little bit volataile for EUR/USD because many news release will come out from Eurozone and United States, Eurozone at 13:00 WIB will start with German Prelim GDP q/q and continue with French Prelim Non-Farm Payrolls q/q, French Prelim GDP q/q, and French CPI m/m at 13:45 WIB and at 16:00 WIB. Afternoon there will be the release of 2 news: Trade Balance and Flash GDP q/q. After Market US open there will be more news data release from them: Core CPI m/m, Core Retail Sales m/m, Retail Sales m/m, and CPI m/m at 19:30 WIB; and at 20:55 WIB 2 news data will be release as well: Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations and 5 minutes after that at 21:00 WIB: Business Inventories m/m.