16.01.201506:01 Forex Analysis & Reviews: Technical analysis of EUR/USD for January 16, 2015

Long-term review

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When the European market opens, some economic news will be released such as Final Core CPI y/y, Final CPI y/y, French Gov Budget Balance, and German Final CPI m/m. The US will also publish a bunch of the economic reports such as the TIC Long-Term Purchases, Prelim UoM Inflation Expectations, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Core CPI m/m, and CPI m/m. So, amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1673.

Strong Resistance:1.1666.

Original Resistance: 1.1655.

Inner Sell Area: 1.1644.

Target Inner Area: 1.1616.

Inner Buy Area: 1.1588.

Original Support: 1.1577.

Strong Support: 1.1566.

Breakout SELL Level: 1.1559.

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