FX.co ★ Technical analysis of EUR/USD for Dec 15, 2016

Technical analysis of EUR/USD for Dec 15, 2016

Technical analysis of EUR/USD for Dec 15, 2016

When the European market opens, a slew of economic data will be released such as Long Term Refinancing Operation, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the economic data too such as TIC Long-Term Purchases, Natural Gas Storage, NAHB Housing Market Index, Flash Manufacturing PMI, Empire State Manufacturing Index, Current Account, Unemployment Claims, Philly Fed Manufacturing Index, Core CPI m/m, and CPI m/m. Thus, amid the reports, EUR/USD will move with low to medium volatility during this day.


Breakout BUY Level: 1.0538.

Strong Resistance:1.0531.

Original Resistance: 1.0521.

Inner Sell Area: 1.0511.

Target Inner Area: 1.0486.

Inner Buy Area: 1.0461.

Original Support: 1.0451.

Strong Support: 1.0441.

Breakout SELL Level: 1.0434.

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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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