Technical analysis of EUR/USD for April 11, 2014

https://forex-images.instaforex.com/userfiles/20140411/!EU110414.jpg

Show full picture When the European market opens, some economic news will be released such as German Final CPI m/m, 30-y Bond Auction.The US will release the economic data too such as the PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, so amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’s TECHNICAL LEVELS: Breakout BUY Level: 1.3954. Strong Resistance:1.3945. Original Resistance: 1.3932. Inner Sell Area: 1.3919. Target Inner Area: 1.3886. Inner Buy Area: 1.3853. Original Support: 1.3840. Strong Support: 1.3827. Breakout SELL Level: 1.3818. DESCRIPTION: Today EUR/USD has support and resistance at 1.3840 and 1.3932. The rate is accompanied by strong support at 1.3827 and by 1.3945 as strong resistance. If EUR/USD breaks out and closes below the 1.3818 level today, then…


Read More: Technical analysis of EUR/USD for April 11, 2014