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Technical analysis of EUR/USD for February 06, 2015

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When the European market opens, a batch of economic reports will be released such as French Trade Balance, French Gov Budget Balance, and German Industrial Production m/m. The US will release the economic data too such as the Average Hourly Earnings m/m, Unemployment Rate, and Non-Farm Employment Change. So, amid the reports, EUR/USD will move low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1526.
Strong Resistance:1.1519.
Original Resistance: 1.1508.
Inner Sell Area: 1.1497.
Target Inner Area: 1.1470.
Inner Buy Area: 1.1443.
Original Support: 1.1432.
Strong Support: 1.1421.
Breakout SELL Level: 1.1414.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Arief Makmur neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

Uitgevoerd door, Analytische expert
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