When the European market opens, some economic news will be released such as Spanish Unemployment Change, EU Economic Forecasts, PPI m/m. The US will release the economic data too such as the Trade Balance, Factory Orders m/m, IBD/TIPP Economic Optimism, Congressional Elections, so amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.2559.
Strong Resistance:1.2551.
Original Resistance: 1.2539.
Inner Sell Area: 1.2527.
Target Inner Area: 1.2497.
Inner Buy Area: 1.2467.
Original Support: 1.2455.
Strong Support: 1.2443.
Breakout SELL Level: 1.2435.
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of EUR/USD for November 04, 2014 . Thanks for your support.
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