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Daily EUR USD Technical Analysis 29th November, 2016

Daily EUR USD Technical Analysis

EUR USD Technical Analysis 29th November, 2016

Technical Analysis Overview

Prev. Close 1.0614
Open 1.0614
Day’s Range 1.0593 – 1.0622
52 wk Range 1.0515 – 1.1616
1-Year Return 0.16%

Technical Support and Resistance

EUR USD market had nice move yesterday. Yesterday market closed at 1.0614. Today expected market range is 1.0593 – 1.0622.

In terms of EUR USD Technical analysis the EUR/USD pair will find its immediate support at 1.0604. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0592 and 1.0581. On the other side the market has immediate resistance 1.0626. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0638 and 1.0649.

Along with technical analysis following economic event is very important to analyze the financial market properly.

Upcoming Important Economic News in EUROPE: (GMT +2)

  1. 12:30pm   EUR    German Import Prices m/m
  2. All Day     EUR    German Prelim CPI m/m
  3. 1:15pm     EUR    French Consumer Spending m/m
  4. 1:30pm    EUR    Spanish Flash CPI y/y
  5. Tentative EUR    Italian 10-y Bond Auction

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