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FX.co ★ Technical analysis of EUR/USD for October 30, 2014

Technical analysis of EUR/USD for October 30, 2014

Technical analysis of EUR/USD for October 30, 2014

When the European market opens, some economic news will be released such as German Prelim CPI m/m, Spanish Flash CPI y/y, Spanish Flash GDP q/q, German Unemployment Change, and Italian 10-y Bond Auction. The US will release the flash GDP q/q, Unemployment Claims, flash GDP Price Index q/q, and Natural Gas Storage. So, amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.2694.
Strong Resistance:1.2686.
Original Resistance: 1.2674.
Inner Sell Area: 1.2662.
Target Inner Area: 1.2632.
Inner Buy Area: 1.2602.
Original Support: 1.2590.
Strong Support: 1.2578.
Breakout SELL Level: 1.2570.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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