At the Europe market today, they will be released some news like Current Account; and the Spanish 10-y Bond Auction; when the US market starts they release some data like US-Unemployment Claims; US-Existing Home Sales; US-Philly Fed Manufacturing Index; CB Leading Index m/m; Natural Gas Storage, So We predict today the EUR/USD will move in low to moderate volatility at the European market session and with moderate volatility in the US market session.
TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3743.
Strong Resistance:1.3734.
Original Resistance: 1.3721.
Inner Sell Area: 1.3708.
Target Inner Area: 1.3675.
Inner Buy Area: 1.3642.
Original Support: 1.3629.
Strong Support: 1.3616.
Breakout SELL Level: 1.3607.
DESCRIPTION :
Today EUR/USD has support and resistance at 1.3629 and 1.3721. The rate is accompanied by strong support at 1.3616 and by 1.3734 as strong resistance. If EUR/USD breaks out and closes below 1.3607 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above 1.3743 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3642 and at 1.3708, a SELL position. In this case both targets should be located at the level of 1.3675.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
Disclaimer :
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