Technical analysis of EUR/USD for August 06, 2015


When the European market opens, economic data on the French 10-y Bond Auction, Spanish 10-y Bond Auction, Retail PMI, and German Factory Orders m/m is due.The US will publish data about the Natural Gas Storage, Mortgage Delinquencies, Unemployment Claims, and Challenger Job Cuts y/y. So amid the reports, EUR/USD will move low to medium volatility during this day.


Breakout BUY Level: 1.0954.

Strong Resistance:1.0948.

Original Resistance: 1.0937.

Inner Sell Area: 1.0926.

Target Inner Area: 1.0901.

Inner Buy Area: 1.0876.

Original Support: 1.0865.

Strong Support: 1.0854.

Breakout SELL Level: 1.0848.

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The material has been provided by InstaForex Company –