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Technical analysis of EUR/USD for February 12, 2015

!EURUSD.jpg

When the European market opens, some economic news will be released such as EU Economic Summit minutes, Industrial Production m/m, and German Final CPI m/m. The US will release a batch of economic reports such as the 30-y Bond Auction, Natural Gas Storage, Business Inventories m/m, Unemployment Claims, Retail Sales m/m, and Core Retail Sales m/m. So, amid the reports, EUR/USD will move with low to meidum volatility during this day.


TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1367.

Strong Resistance:1.1360.

Original Resistance: 1.1349.

Inner Sell Area: 1.1338.

Target Inner Area: 1.1311.

Inner Buy Area: 1.1284.

Original Support: 1.1273.

Strong Support: 1.1262.

Breakout SELL Level: 1.1255.





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