Technical analysis of EUR/USD for June 12, 2017


When the European market opens, little economic data will be published. Thus, the Italian industrial production data is due for release. At the same time, the US will unveil the Federal Budget Balance and 10-y Bond Auction. Therefore, amid the reports EUR/USD will move in a low to medium volatility during this day.


Breakout BUY Level: 1.1254.

Strong Resistance:1.1248.

Original Resistance: 1.1237.

Inner Sell Area: 1.1226.

Target Inner Area: 1.1200.

Inner Buy Area: 1.1174.

Original Support: 1.1163.

Strong Support: 1.1152.

Breakout SELL Level: 1.1146.

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Source:: Technical analysis of EUR/USD for June 12, 2017

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