Technical analysis of EUR/USD for Jan 31, 2018
January 31, 2018 5:22 amVideo
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When the European market opens, some Economic Data will be released such as Unemployment Rate, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, German Unemployment Change, Spanish Flash CPI y/y, French Prelim CPI m/m, and German Retail Sales m/m. The US will release the Economic Data too, such as Federal Funds Rate, Crude Oil Inventories, Pending Home Sales m/m, Chicago PMI, Employment Cost Index q/q, and ADP Non-Farm Employment Change, so, amid the reports, EUR/USD will move in a medium to high volatility during this day.
TODAY’S TECHNICAL LEVEL:
Breakout BUY Level: 1.2477.
Strong Resistance:1.2470.
Original Resistance: 1.2458.
Inner Sell Area: 1.2446.
Target Inner Area: 1.2417.
Inner Buy Area: 1.2388.
Original Support: 1.2376.
Strong Support: 1.2364.
Breakout SELL Level: 1.2357.
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The material has been provided by InstaForex Company – www.instaforex.com
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