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Technical analysis of EUR/USD for February 10, 2015

!EURUSD.jpg

When the European market opens, some economic news will be released such as Italian Industrial Production m/m and French Industrial Production m/m. Besides, the US will release some economic reports such as the Wholesale Inventories m/m, IBD/TIPP Economic Optimism, Mortgage Delinquencies, JOLTS Job Openings, NFIB Small Business Index, and FOMC Member Lacker Speech. So, amid the reports, EUR/USD will move with low to medium volatility during this day.


TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1390.

Strong Resistance:1.1383.

Original Resistance: 1.1372.

Inner Sell Area: 1.1361.

Target Inner Area: 1.1334.

Inner Buy Area: 1.1307.

Original Support: 1.1296.

Strong Support: 1.1285.

Breakout SELL Level: 1.1278.





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