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Technical analysis of EUR/USD for March 03, 2015

!EURUSD.jpg

When the European market opens, economic news about the PPI m/m, the Spanish unemployment rate, and retail sales in Germany m/m will be released. The US is expected to release economic data about Fed Chair Yellen's speech, total vehicle sales, and IBD/TIPP Economic Optimism. So, the EUR/USD will move from low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1236.

Strong Resistance:1.1230.

Original Resistance: 1.1219.

Inner Sell Area: 1.1208.

Target Inner Area: 1.1182.

Inner Buy Area: 1.1156.

Original Support: 1.1145.

Strong Support: 1.1134.

Breakout SELL Level: 1.1128.





The material has been provided by InstaForex Company - www.instaforex.com