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18.03.2015 05:18 AM
Technical analysis of EUR/USD for March 18, 2015

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When the European market opens, some economic reports will be released such as the German 10-y Bond Auction, Trade Balance, and the Italian Trade Balance. The US will reveal the economic data too such as the Federal Funds Rate, FOMC Statement, FOMC Economic Projections, and Crude Oil Inventories. So, amid the reports EUR/USD will move with medium to high volatility during this day.


TODAY TECHNICAL LEVELS:


Breakout BUY Level: 1.0647.


Strong Resistance:1.0640.


Original Resistance: 1.0630.


Inner Sell Area: 1.0620.


Target Inner Area: 1.0595.


Inner Buy Area: 1.0570.


Original Support: 1.0560.


Strong Support: 1.0550.


Breakout SELL Level: 1.0543.




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