29.10.201504:33 Forex Analysis & Reviews: Technical analysis of EUR/USD for October 29, 2015

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When the European market opens, some economic news on the Italian 10-y Bond Auction, German Unemployment Change, Spanish Flash CPI y/y, and German Prelim CPI m/m is due to be released. The US will unveil data on the Natural Gas Storage, Pending Home Sales m/m, Advance GDP Price Index q/q, Unemployment Claims, and Advance GDP q/q. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.0977.

Strong Resistance:1.0971.

Original Resistance: 1.0960.

Inner Sell Area: 1.0949.

Target Inner Area: 1.0924.

Inner Buy Area: 1.10899.

Original Support: 1.0888.

Strong Support: 1.0877.

Breakout sell Level: 1.0871.

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