When the European market opens, some economic news will be released such as Italian Prelim CPI m/m, Spanish Flash CPI y/y, French Consumer Spending m/m, German Prelim CPI m/m, and German Import Prices m/m. Besides, the US will release a batch of economic data such as the Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Pending Home Sales m/m, Chicago PMI, Prelim GDP Price Index q/q, and Prelim GDP q/q. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1264.
Strong Resistance:1.1258.
Original Resistance: 1.1247.
Inner Sell Area: 1.1236.
Target Inner Area: 1.1210.
Inner Buy Area: 1.1184.
Original Support: 1.1173.
Strong Support: 1.1162.
Breakout SELL Level: 1.1156.
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 27, 2015 . Thanks for your support.
No comments:
Post a Comment