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Exchange Rates 16.04.2019 analysis

When the European market opens, some economic data will be released such as ZEW Economic Sentiment and German ZEW Economic Sentiment. The US will also publish the economic data such as NAHB Housing Market Index, Industrial Production m/m, and Capacity Utilization Rate, so amid the reports, the EUR/USD pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Breakout BUY Level: 1.1360. Strong Resistance: 1.1353. Original Resistance: 1.1342. Inner Sell Area: 1.1331. Target Inner Area: 1.1304. Inner Buy Area: 1.1277. Original Support: 1.1266. Strong Support: 1.1255. Breakout SELL Level: 1.1248. (Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Arief Makmur,
Analytical expert
InstaForex Companies Group © 2007-2019
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