Technical Analysis of EUR/USD for March 10, 2016

Technical Analysis of EUR/USD for March 10, 2016

When the European market opens, some economic news will be released such as Minimum Bid Rate, Italian Quarterly Unemployment Rate, French Industrial Production m/m, German Trade Balance, and French Final Non-Farm Payrolls q/q. The US will post several economic reports too such as Federal Budget Balance, 30-y Bond Auction, Natural Gas Storage, and Unemployment Claims. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1034.

Strong Resistance:1.1028.

Original Resistance: 1.1017.

Inner Sell Area: 1.1006.

Target Inner Area: 1.0981.

Inner Buy Area: 1.0956.

Original Support: 1.0945.

Strong Support: 1.0934.

Breakout SELL Level: 1.0928.

The material has been provided by InstaForex Company - www.instaforex.com