XtreamForex

Daily EUR USD Technical Analysis 23rd November, 2016

USD Technical Analysis

EUR USD Technical Analysis 23rd November, 2016

Technical Analysis Overview:

Prev. Close 1.0625
Open 1.0625
Day’s Range 1.0622 – 1.0635
52 wk Range 1.0538 – 1.1616
1-Year Return – 0.01%

Technical Support and Resistance

In terms of EUR USD Technical analysis the EUR/USD pair will find its immediate support at 1.0619. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0612 and 1.0604. On the other side the market has immediate resistance 1.0633. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0640 and 1.0648.

Expected trading range for today is between 1.0622 supports and 1.0635 resistances.

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

Upcoming Important Economic News in EUROPE: (GMT +2)

1. French Flash Manufacturing PMI at 10am
2. French Flash Services PMI at 10am
3. German Flash Manufacturing PMI at 10.30am
4. German Flash Services PMI at 10.30am
5. Flash Manufacturing PMI at 11am
6. Flash Services PMI at 11am
7. German 10-y Bond Auction ( all day long)