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Daily EUR USD Technical Analysis 16th November, 2016

EUR USD Technical Analysis

EUR USD Technical Analysis 16th November, 2016

Technical Analysis Overview:

Prev. Close      1.0724
Open               1.0724
Day’s Range   1.0709 – 1.0840
52 wk Range   1.0538 – 1.1616
1-Year Return +0.49%

Technical Support and Resistance:

Daily EUR USD 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 market has immediate resistance 1.0750. if, market breaks the primary resistance level then, market will go for the new resistance level  1.0750 and 1.0750.

Expected trading range for today is between 1.0709 supports and 1.0840 resistances.