Technical analysis: Intraday Level For EUR/USD, JAN 16, 2018

analytics5c3e91b690f7e.jpg

When the European market opens, some economic data will be released such as German 30-y Bond Auction, and German Final CPI m/m. The US will also publish the economic data such as TIC Long-Term Purchases, Beige Book, Crude Oil Inventories, NAHB Housing Market Index, and Import Prices m/m, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day. TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1468. Strong Resistance: 1.1461. Original Resistance: 1.1450. Inner Sell Area: 1.1439. Target Inner Area: 1.1412. Inner Buy Area: 1.1385. Original Support: 1.1374. Strong Support: 1.1363. Breakout SELL Level: 1.1356. (Disclaimer)

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