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FX.co ★ Technical analysis of EUR/USD for Feb 22, 2017

Technical analysis of EUR/USD for Feb 22, 2017

Technical analysis of EUR/USD for Feb 22, 2017

When the European market opens, some Economic Data will be released, such as Belgian NBB Business Climate, German 30-y Bond Auction, Long Term Refinancing Operation, Final Core CPI y/y, Final CPI y/y, German Ifo Business Climate and Final CPI y/y. The US will release the economic data, too, such as FOMC Meeting Minutes, Existing Home Sales, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.0594.

Strong Resistance:1.0587.

Original Resistance: 1.0577.

Inner Sell Area: 1.0567.

Target Inner Area: 1.0542.

Inner Buy Area: 1.0517.

Original Support: 1.0507.

Strong Support: 1.0497.

Breakout SELL Level: 1.0490.

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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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