Daily EUR USD Technical Analysis 15th November, 2016

 Technical Analysis

EUR USD Technical Analysis 15th November, 2016

Technical Analysis Overview:

Prev. Close 1.0737
Open 1.0737
Day’s Range 1.0709 – 1.0840
52 wk Range 1.0538 – 1.1616
1-Year Return – 0.16%

Technical Support and Resistance:

Daily Camarilla Forex technical analysis shows that, the EUR/USD pair may find the immediate support at 1.0724. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0710 and 1.0697.

On the other side the immediate resistance 1.0750 and may go for further test 1.0764. A break beyond the last, doors will open for a test of 1.0777.

Expected trading range for today is between 1.0777 support and 1.0840 resistance.

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

Upcoming Important Economic News: (GMT +3)

1. EUR – German Prelim GDP q/q
2. EUR – French Final CPI m/m
3. EUR – Italian Prelim GDP q/q
4. EUR – Flash GDP q/q
5. EUR – German ZEW Economic Sentiment
6. EUR – Trade Balance
7. EUR – ZEW Economic Sentiment

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