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    Technical analysis of EUR/USD for November 13, 2015


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    When the European market opens, some economic news the Trade Balance, Flash GDP q/q, Italian Prelim GDP q/q, French Prelim Non-Farm Payrolls q/q, German Prelim GDP q/q, and French Prelim GDP q/q is due to be released. The US will unveil the economic data on the Natural Gas Storage, Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Core PPI m/m, Retail Sales m/m, Retail Sales m/m, PPI m/m, and Core Retail Sales m/m. So amid the reports, the EUR/USD pair will move with low to medium volatility during this day.


    Breakout BUY Level: 1.0857.

    Strong Resistance:1.0851.

    Original Resistance: 1.0840.

    Inner Sell Area: 1.0829.

    Target Inner Area: 1.0804.

    Inner Buy Area: 1.0779.

    Original Support: 1.0768.

    Strong Support: 1.0757.

    Breakout SELL Level: 1.0751.

    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.

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