When the European market opens, some economic news will be released such as Unemployment Rate, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Quarterly Unemployment Rate, Italian Monthly Unemployment Rate, Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. Besides, the US will release a number of economic reports such as the ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, Final Manufacturing PMI, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1221.
Strong Resistance:1.1215.
Original Resistance: 1.1204.
Inner Sell Area: 1.1193.
Target Inner Area: 1.1167.
Inner Buy Area: 1.1141.
Original Support: 1.1130.
Strong Support: 1.1119.
Breakout SELL Level: 1.1113.
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 March 02, 2015 . Thanks for your support.
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