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Technical analysis of EUR/USD for February 18, 2015



!EURUSD.jpg

When the European market opens, some economic news will be released such as German 10-y Bond Auction. The US will release a number of economic reports such as the Industrial Production m/m, Capacity Utilization Rate, Housing Starts, Core PPI m/m, PPI m/m, and Building Permits. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1459.

Strong Resistance:1.1462.

Original Resistance: 1.1441.

Inner Sell Area: 1.1430.

Target Inner Area: 1.1403.

Inner Buy Area: 1.1376.

Original Support: 1.1365.

Strong Support: 1.1354.

Breakout SELL Level: 1.1347.





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