06.10.201612:17 Forex Analysis & Reviews: Technical analysis of EUR/USD for Oct 06, 2016

Long-term review

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When the European market opens, some economic data will be released such as ECB Monetary Policy Meeting Minutes, French 10-y Bond Auction, Retail PMI, German Factory Orders m/m. The US will also reveal some economic news such as Natural Gas Storage, Unemployment Claims, Challenger Job Cuts y/y. Therefore, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1260.

Strong Resistance:1.1254.

Original Resistance: 1.1243.

Inner Sell Area: 1.1232.

Target Inner Area: 1.1206.

Inner Buy Area: 1.1180.

Original Support: 1.1169.

Strong Support: 1.1158.

Breakout SELL Level: 1.1152.

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