Technical analysis of EUR/USD for June 07, 2017

Source: Forex Analysis


When the European market opens, some Economic Data will be released, such as Italian Retail Sales m/m and German Factory Orders m/m. The US will release the Economic Data, too, such as Consumer Credit m/m and Crude Oil Inventories, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.


Breakout BUY Level: 1.1324.

Strong Resistance:1.1318.

Original Resistance: 1.1307.

Inner Sell Area: 1.1296.

Target Inner Area: 1.1270.

Inner Buy Area: 1.1244.

Original Support: 1.1233.

Strong Support: 1.1222.

Breakout SELL Level: 1.1216.

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