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Technical analysis of EUR/USD for September 30, 2014

When the European market opens, some economic news will be released such as German Retail Sales m/m, French Consumer Spending m/m, French Consumer Spending m/m, German Unemployment Change, Italian Monthly Unemployment Rate, CPI Flash Estimate y/y, Core CPI Flash Estimate y/y, Unemployment Rate, Italian Prelim CPI m/m. The US will release the economic data too such as the S&P/CS Composite-20 HPI y/y, Chicago PMI, CB Consumer Confidence, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2750.

Strong Resistance:1.2742.

Original Resistance: 1.2730.

Inner Sell Area: 1.2710.

Target Inner Area: 1.2688.

Inner Buy Area: 1.2658.

Original Support: 1.2646.

Strong Support: 1.2624.

Breakout SELL Level: 1.2626.


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