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Technical analysis of EUR/USD for November 04, 2014

!EURUSD.jpg

When the European market opens, some economic news will be released such as Spanish Unemployment Change, EU Economic Forecasts, PPI m/m. The US will release the economic data too such as the Trade Balance, Factory Orders m/m, IBD/TIPP Economic Optimism, Congressional Elections, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.2559.

Strong Resistance:1.2551.

Original Resistance: 1.2539.

Inner Sell Area: 1.2527.

Target Inner Area: 1.2497.

Inner Buy Area: 1.2467.

Original Support: 1.2455.

Strong Support: 1.2443.

Breakout SELL Level: 1.2435.


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