Technical analysis of EUR/USD for July 31, 2015


When the European market opens, economic data on the Italian Prelim CPI m/m, Unemployment Rate, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, French Consumer Spending m/m, and German Retail Sales m/m is due. The US will release economic data on Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, and Employment Cost Index q/q. So amid the reports, EUR/USD will move low to medium volatility during this day.


Breakout BUY Level: 1.0992.

Strong Resistance:1.0986.

Original Resistance: 1.0975.

Inner Sell Area: 1.0964.

Target Inner Area: 1.0939.

Inner Buy Area: 1.0913.

Original Support: 1.0902.

Strong Support: 1.0891.

Breakout SELL Level: 1.0885.

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The material has been provided by InstaForex Company –