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EUR/USD Forecast | Daily Technical Analysis for January 2, 2017

EUR/USD Forecast | Daily Technical Analysis for January 2, 2017

EURUSD Technical Overview

Prev. Close      1.0518
Open               1.0520
Day’s Range   1.0516 – 1.0532
52 wk Range   1.0350 – 1.1616
1-Year Return – 3.09%

 

EURUSD Technical Support and Resistance

Our Possible trading range for today 1.0516 – 1.0532

EUR/USD forecast: EURUSD pair possibly will find its immediate support at 1.0520. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0516 and 1.0511.

On the other side, we found immediate resistance at 1.0530 from our EURUSD technical analysis. If, market breaks the primary resistance level then, for sure market will go for the new resistance level 1.0534 and 1.0539.

 

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

  1. 10:15am EUR        Spanish Manufacturing PMI
  2. 10:45am EUR        Italian Manufacturing PMI
  3. 10:50am EUR        French Final Manufacturing PMI
  4. 10:55am EUR        German Final Manufacturing PMI
  5. 11:00am EUR        Final Manufacturing PMI
  6. 4:45pm USD Flash Services PMI

 

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