12.12.201704:36 Forex Analysis & Reviews: Technical analysis of EUR/USD for Dec 12, 2017

Long-term review

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When the European market opens, some economic data will be released such as ZEW Economic Sentiment, German ZEW Economic Sentiment, and French Final Private Payrolls q/q. The US is also going to post a series of economic data such as Federal Budget Balance, 30-y Bond Auction, Core PPI m/m, PPI m/m, and NFIB Small Business Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1833

Strong Resistance:1.1826

Original Resistance: 1.1815

Inner Sell Area: 1.1804

Target Inner Area: 1.1776

Inner Buy Area: 1.1748

Original Support: 1.1737

Strong Support: 1.1726

Breakout SELL Level: 1.1719

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