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Technical analysis of EUR/USD for June 16, 2015


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When the European market opens, economic data on Employment Change q/q, ZEW Economic Sentiment, German ZEW Economic Sentiment, European Court of Justice Ruling, German Final CPI m/m is due. The US will release data on Housing Starts and Building Permits. So amid the reports, EUR/USD will move low to medium volatility during this day.


Breakout BUY Level: 1.1326.

Strong Resistance:1.1320.

Original Resistance: 1.1309.

Inner Sell Area: 1.1298.

Target Inner Area: 1.1273.

Inner Buy Area: 1.1247.

Original Support: 1.1236.

Strong Support: 1.1225.

Breakout SELL Level: 1.1219.

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