07.10.201412:49 Technical analysis of EUR/USD for October 07, 2014

Long-term review

Exchange Rates 07.10.2014 analysis

When the European market opens, some economic news will be released such as German Industrial Production m/m, French Gov Budget Balance. The US will release the economic data too such as the JOLTS Job Openings, IBD/TIPP Economic Optimism, Consumer Credit m/m, so amid the reports, EUR/USD will move with low to medium volatility during this day.
Today's technical levels:
Breakout BUY Level: 1.2704.
Strong Resistance:1.2696.
Original Resistance: 1.2684.
Inner Sell Area: 1.2672.
Target Inner Area: 1.2642.
Inner Buy Area: 1.2612.
Original Support: 1.2600.
Strong Support: 1.2588.
Breakout SELL Level: 1.2580.

Best regards,

Arief Makmur

Official analyst of InstaForex Group

InstaForex Group

http://instaforex.com

email: [email protected]

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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Arief Makmur,
Analytical expert
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