Technical Analysis of EUR/USD for March 23, 2016

Technical Analysis of EUR/USD for March 23, 2016

23 March 2016, 07:58
Roberto Jacobs
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Technical Analysis of EUR/USD for March 23, 2016

When the European market opens, some economic news will be released such as the German 30-y Bond Auction. The US will release economic data too such as Crude Oil Inventories and New Home Sales. So amid the reports, EUR/USD will move with low to medium volatility during this day.

1_EURUSD


TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1273.

Strong Resistance: 1.1267.

Original Resistance: 1.1256.

Inner Sell Area: 1.1245.

Target Inner Area: 1.1219.

Inner Buy Area: 1.1193.

Original Support: 1.1182.

Strong Support: 1.1171.

Breakout SELL Level: 1.1165.


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