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    Technical analysis of EUR/USD for February 26, 2016 2016-02-26

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    When the European market opens, economic news on the Italian 10-y Bond Auction, Spanish Flash CPI y/y, French Consumer Spending m/m, and German Prelim CPI m/m is due to be released. The US will publish the economic data on the Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Prelim GDP Price Index q/q, Personal Income m/m, Personal Spending m/m, Goods Trade Balance, Core PCE Price Index m/m, and Prelim GDP q/q. So amid the reports, EUR/USD will move with low to medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:

    Breakout BUY Level: 1.1097.

    Strong Resistance:1.1091.

    Original Resistance: 1.1080.

    Inner Sell Area: 1.1069.

    Target Inner Area: 1.1043.

    Inner Buy Area: 1.1017.

    Original Support: 1.1006.

    Strong Support: 1.0995.

    Breakout SELL Level: 1.0989.

    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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    • avatar-1547
      • #

      I guess I'm done for this week, low volatility is not my style of trading.


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