Technical analysis of EUR/USD for Nov 09, 2016

When the European market opens, some economic data will be released such as EU Economic Forecasts. The US will post several macroeconomic reports such as 10-y Bond Auction, Crude Oil Inventories, and Final Wholesale Inventories m/m. Besides, results of presidential election will be unveiled later today. So EUR/USD will be trading with medium to high volatility during this day.

TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1047.
Strong Resistance:1.1041.
Original Resistance: 1.1030.
Inner Sell Area: 1.1019.
Target Inner Area: 1.0993.
Inner Buy Area: 1.0968.
Original Support: 1.0957.
Strong Support: 1.0946.
Breakout SELL Level: 1.0940.

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