Daily EUR USD Technical Analysis 14th November, 2016

EUR/USD Technical Analysis

EUR USD Technical Analysis

Technical Analysis Overview:

Prev. Close 1.0854
Open 1.0835
Day’s Range 1.0773 – 1.084
52 wk Range 1.0538 – 1.1616
1-Year Return + 0.26%

Technical Support and Resistance:

Daily Camarilla Forex Technical analysis shows that, the EUR/USD pair may find the immediate support at 1.0821 below which 1.0819 and 1.0817 could be tested.

On the other side, the immediate resistance 1.0825 and may go for further test 1.0827. A break beyond the last, doors will open for a test of 1.0829. Expected trading range for today is between 1.0840 support and 1.0773 resistance.

European Central Bank President Mario Draghi is to speak at an event in Rome. Last week, the dollar hit its highest levels in nine months against a basket of the other major currencies on Friday, boosted by expectations that the administration of U.S. President-elect Donald Trump will spur growth and inflation.

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

Upcoming Important Economic News: (GMT +3)

1. EUR – Industrial Production m/m at 01.00 pm
2. EUR – ECB President Draghi Speaks at 06.00 pm
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