When the European market opens, a number of economic news will be released such as Revised GDP q/q, French Trade Balance, French Gov Budget Balance, and German Industrial Production m/m. The US will release the economic data too such as the Average Hourly Earnings m/m, Unemployment Rate, Trade Balance, and Non-Farm Employment Change. So amid the reports, EUR/USD will move with medium to high volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1074.
Strong Resistance:1.1068.
Original Resistance: 1.1067.
Inner Sell Area: 1.1046.
Target Inner Area: 1.1020
Inner Buy Area: 1.0994.
Original Support: 1.0983.
Strong Support: 1.0972.
Breakout SELL Level: 1.0966.
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 06, 2015 . Thanks for your support.
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