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FX.co ★ Technical analysis of EUR/USD for February 12, 2015

Technical analysis of EUR/USD for February 12, 2015

Technical analysis of EUR/USD for February 12, 2015


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.


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