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Technical analysis of EUR/USD for December 03, 2015


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When the European market opens, some economic news on the Minimum Bid Rate, ECB Press Conference, French 10-y Bond Auction, Spanish 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI is due to be released. The US will unveil economic data on the Natural Gas Storage, Factory Orders m/m, ISM Non-Manufacturing PMI, Fed Chair Yellen Testifies, Final Services PMI, Unemployment Claims, and Challenger Job Cuts y/y. So amid the reports, EUR/USD will move with low to medium volatility during this day.


Breakout BUY Level: 1.0657.

Strong Resistance:1.0650.

Original Resistance: 1.0640.

Inner Sell Area: 1.0630.

Target Inner Area: 1.0605.

Inner Buy Area: 1.0580.

Original Support: 1.0570.

Strong Support: 1.0560.

Breakout SELL Level: 1.0553.

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