FX.co ★ Technical analysis of EUR/USD for July 29, 2016

When the European market opens, some Economic Data will be released such as EBA Bank Stress Test Results, Unemployment Rate, Italian Prelim CPI m/m, Prelim Flash GDP q/q, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, Spanish Flash GDP q/q, Spanish Flash CPI y/y, French Prelim CPI m/m, French Consumer Spending m/m, German Retail Sales m/m, French Prelim GDP q/q .The US will release the economic data too such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Employment Cost Index q/q, Advance GDP Price Index q/q, Advance GDP q/q. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1133.

Strong Resistance:1.1127.

Original Resistance: 1.1116.

Inner Sell Area: 1.1105.

Target Inner Area: 1.1079.

Inner Buy Area: 1.1053.

Original Support: 1.1042.

Strong Support: 1.1031.

Breakout SELL Level: 1.1025.

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