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Daily EUR USD Technical Analysis 17th November, 2016

EUR USD Technical Analysis

EUR USD Technical Analysis 17th November, 2016

Technical Analysis Overview:

Prev. Close      1.0691
Open               1.0724
Day’s Range   1.0647 – 1.0747
52 wk Range   1.0538 – 1.1616
1-Year Return +0.57%

Technical Support and Resistance:

In terms of Technical analysis the EUR/USD pair will find its immediate support at 1.0647. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0605 and 1.0547. On the other side the market has immediate resistance 1.0747. if, market breaks the primary resistance level then, market will go for the new resistance level  1.0805 and 1.0847.

Expected trading range for today is between 1.0647 supports and 1.0747 resistances.

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

Upcoming Important Economic News: (GMT +3)

  1. EUR Italian Trade Balance
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  4. EUR ECB Monetary Policy Meeting Accounts