Daily EUR USD Technical Analysis 18th November, 2016

EUR USD Technical Analysis

EUR USD Technical Analysis 18th November, 2016

Technical Analysis Overview:

Prev. Close      1.0624
Open               1.0624
Day’s Range   1.0582 – 1.0629
52 wk Range   1.0538 – 1.1616
1-Year Return – 0.41%%

Technical Support and Resistance:

In terms of Technical analysis the EUR/USD pair will find its immediate support at 1.0614. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0602 and 1.0450. On the other side the market has immediate resistance 1.0638. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0650 and 1.0840.

Expected trading range for today is between 1.0582 supports and 1.0638 resistances.

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

Upcoming Important Economic News in EUROPE: (GMT +3)

  1. German PPI m/m 10:00am
  2. ECB President Draghi Speaks 11:00am
  3. Current Account 12:00pm
  4. German Buba President Weidmann Speaks 1:30pm