When the European market opens, some economic news will be released such as French 10-y Bond Auction, Retail PMI, German Factory Orders m/m. Besides, the US will release several economic reports such as the Natural Gas Storage, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, Unemployment Claims, Trade Balance, and Challenger Job Cuts y/y. So, amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1382.
Strong Resistance:1.1375.
Original Resistance: 1.1364.
Inner Sell Area: 1.1353.
Target Inner Area: 1.1326.
Inner Buy Area: 1.1299.
Original Support: 1.1288.
Strong Support: 1.1277.
Breakout SELL Level: 1.1270.
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 February 05, 2015 . Thanks for your support.
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