When the European market opens, some economic news will be released such as German Retail Sales m/m, Italian Monthly Unemployment Rate, Italian Quarterly Unemployment Rate, CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Unemployment Rate as well as Italian Prelim CPI m/m.The US will release its Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, and Revised UoM Inflation Expectations. So amid the reports, EUR/USD will move low to medium volatility during this day.
Todays technical levels:
Breakout BUY Level: 1.3249.
Strong Resistance:1.3241.
Original Resistance: 1.3228.
Inner Sell Area: 1.3215.
Target Inner Area: 1.3184.
Inner Buy Area: 1.3153.
Original Support: 1.3140.
Strong Support: 1.3127.
Breakout SELL Level: 1.3119.
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 August 29, 2014
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