EUR USD Technical Analysis 30th November, 2016
Technical Analysis Overview
Prev. Close 1.0650
Day’s Range 1.0593 – 1.0622
52 wk Range 1.0515 – 1.1616
1-Year Return 0.80%
Technical Support and Resistance
After OPEC meetings and discussion EUR rose 0.64% against USD. Yesterday market closed at 1.0650. Today expected EUR USD market range is 1.0629 – 1.0660.
In terms of EUR USD technical analysis the EUR/USD pair will find its immediate support at 1.0589. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0633 and 1.0624. On the other side the market has immediate resistance 1.0659. If, market breaks the primary resistance level then, market will go for the new resistance level 1.0667 and 1.0676.
Along with technical analysis following economic event is very important to analyze the financial market properly.
Upcoming Important Economic News in EUROPE: (GMT +5.30)
- 12:30pm EUR German Retail Sales m/m
- 1:15pm EUR French Prelim CPI m/m
- 2:25pm EUR German Unemployment Change
- 3:30pm EUR CPI Flash Estimate y/y
- 3:30pm EUR Core CPI Flash Estimate y/y
- 3:30pm EUR Italian Prelim CPI m/m
- 6:00pm EUR ECB President Draghi Speaks