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    Technical analysis of EUR/USD for March 05, 2015

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    When the European market opens, economic data on the ECB press conference, minimum bid rate, the French 10-y bond auction, the retail PMI, and the German factory orders m/m are expected to be released. The US will announce the infotmation about natural gas storage, factory orders m/m, revised unit labor costs q/q, the revised nonfarm productivity q/q, unemployment claims, and Challenger job cuts y/y. So, EUR/USD will move with medium volatility during this day amid reports.
    TODAY TECHNICAL LEVELS:
    Breakout BUY Level: 1.1133.
    Strong Resistance:1.1127.
    Original Resistance: 1.1116.
    Inner Sell Area: 1.1105.
    Target Inner Area: 1.1079
    Inner Buy Area: 1.1053.
    Original Support: 1.1042.
    Strong Support: 1.1031.
    Breakout SELL Level: 1.1025.

    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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