Technical analysis of EUR/USD for Aug 23, 2017


When the European market opens, some Economic Data will be released, such as Consumer Confidence, German 10-y Bond Auction, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will release the Economic Data, too, such as Unemployment Claims, Crude Oil Inventories, New Home Sales, Flash Services PMI, and Flash Manufacturing PMI, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.


Breakout BUY Level: 1.1817.

Strong Resistance:1.1810.

Original Resistance: 1.1799.

Inner Sell Area: 1.1788.

Target Inner Area: 1.1760.

Inner Buy Area: 1.1732.

Original Support: 1.1721.

Strong Support: 1.1710.

Breakout SELL Level: 1.1703.

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The material has been provided by InstaForex Company -