Technical analysis: Intraday Level For EUR/USD, April 16, 2018

Technical analysis: Intraday Level For EUR/USD, April 16, 2018

When the European market opens, the Economic Data will be released such as the German WPI m/m. The US will also release the Economic Data such as TIC Long-Term Purchases, NAHB Housing Market Index, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m, so amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.2391. Strong Resistance:1.2384. Original Resistance: 1.2372. Inner Sell Area: 1.2360. Target Inner Area: 1.2331. Inner Buy Area: 1.2302. Original Support: 1.2290. Strong Support: 1.2278. Breakout SELL Level: 1.2271.

 

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