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Technical analysis of EUR/USD for February 27, 2015

!EURUSD.jpg



When the European market opens, some economic news will be released such as Italian Prelim CPI m/m, Spanish Flash CPI y/y, French Consumer Spending m/m, German Prelim CPI m/m, and German Import Prices m/m. Besides, the US will release a batch of economic data such as the Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Pending Home Sales m/m, Chicago PMI, Prelim GDP Price Index q/q, and Prelim GDP q/q. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1264.

Strong Resistance:1.1258.

Original Resistance: 1.1247.

Inner Sell Area: 1.1236.

Target Inner Area: 1.1210.

Inner Buy Area: 1.1184.

Original Support: 1.1173.

Strong Support: 1.1162.

Breakout SELL Level: 1.1156.





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