Technical analysis of EUR/USD for Feb 23, 2018


When the European market opens, some economic data will be released such as the Final Core CPI y/y, Final CPI y/y, German Final GDP q/q. Meanwhie, the US will unveil the Fed Monetary Policy Report. Therefore, amid the reports EUR/USD will move with a medium volatility during this day.


Breakout BUY Level: 1.2386.

Strong Resistance:1.2379.

Original Resistance: 1.2367.

Inner Sell Area: 1.2355.

Target Inner Area: 1.2326.

Inner Buy Area: 1.2297.

Original Support: 1.2285.

Strong Support: 1.2273.

Breakout SELL Level: 1.2266.

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The material has been provided by InstaForex Company -