17.02.201604:07 Forex Analysis & Reviews: Technical analysis of EUR/USD for February 17, 2016

Long-term review

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When the European market opens, some economic news on the German 10-y Bond Auction is due to be released. The US will deliver economic data on the FOMC Meeting Minutes, Industrial Production m/m, Capacity Utilization Rate, Housing Starts, Core PPI m/m, PPI m/m, and uilding Permits. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1184.

Strong Resistance:1.1178.

Original Resistance: 1.1167.

Inner Sell Area: 1.1156.

Target Inner Area: 1.1130.

Inner Buy Area: 1.1104.

Original Support: 1.1093.

Strong Support: 1.1082.

Breakout SELL Level: 1.1076.

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