FX.co ★ Technical analysis of EUR/USD for January 28, 2015

When the European market opens, some economic news will be released such as German 30-y Bond Auction, German Import Prices m/m, and GfK German Consumer Climate. Besides, the US will release some economic reports such as the Federal Funds Rate, FOMC Statement, and Crude Oil Inventories. So, amid the reports, EUR/USD will move with medium to high volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1411.

Strong Resistance:1.1404.

Original Resistance: 1.1393.

Inner Sell Area: 1.1382.

Target Inner Area: 1.1355.

Inner Buy Area: 1.1328.

Original Support: 1.1317.

Strong Support: 1.1306.

Breakout SELL Level: 1.1299.

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