When the European market opens, some economic news will be released such as GfK German Consumer Climate, Spanish Unemployment Rate, German Prelim CPI m/m, M3 Money Supply y/y, Private Loans y/y, Italian Retail Sales m/m, Italian 10-y Bond Auction.The US will release the economic data too such as the CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, so amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY’s TECHNICAL LEVELS:
Breakout BUY Level: 1.3920.
Strong Resistance:1.3911.
Original Resistance: 1.3898.
Inner Sell Area: 1.3885.
Target Inner Area: 1.3852.
Inner Buy Area: 1.3819.
Original Support: 1.3806.
Strong Support: 1.3793.
Breakout SELL Level: 1.3784.
Arief Makmur is taking part in the “Analyst of the Year” award organized by MT5.com portal. If you like his article, please vote for him.
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Performed by Arief Makmur, Analytical expert InstaForex Group © 2007-2014 |
Technical analysis of EUR/USD for April 29, 2014
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