Forex Analysis: 20 Apr 2017, 23:58 UTC+00

Technical analysis of EUR/USD for Apr 21, 2017

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When the European market opens, some Economic Data will be released, such as Current Account, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the Economic Data, too, such as Existing Home Sales, Flash Services PMI, and Flash Manufacturing PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.0765.

Strong Resistance:1.0759.

Original Resistance: 1.0748.

Inner Sell Area: 1.0737.

Target Inner Area: 1.0712.

Inner Buy Area: 1.0687.

Original Support: 1.0676.

Strong Support: 1.0665.

Breakout SELL Level: 1.0659.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.


Performed by
analytical expert: Arief Makmur
InstaForex Group © 2007-2017
 Published: 20 Apr 2017, 23:58 UTC+00

 
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