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12.02.201505:09 Forex Analysis & Reviews: Technical analysis of EUR/USD for February 12, 2015

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Exchange Rates 12.02.2015 analysis

When the European market opens, some economic news will be released such as EU Economic Summit minutes, Industrial Production m/m, and German Final CPI m/m. The US will release a batch of economic reports such as the 30-y Bond Auction, Natural Gas Storage, Business Inventories m/m, Unemployment Claims, Retail Sales m/m, and Core Retail Sales m/m. So, amid the reports, EUR/USD will move with low to meidum volatility during this day.

TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.1367.
Strong Resistance:1.1360.
Original Resistance: 1.1349.
Inner Sell Area: 1.1338.
Target Inner Area: 1.1311.
Inner Buy Area: 1.1284.
Original Support: 1.1273.
Strong Support: 1.1262.
Breakout SELL Level: 1.1255.

Arief Makmur
Analytical expert of InstaForex
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