Technical analysis of EUR/USD for Feb 28, 2017

When the European market opens, some Economic Data will be released, such as Italian Prelim CPI m/m, French Prelim GDP q/q, French Prelim CPI m/m and French Consumer Spending m/m. The US will release the economic data, too, such as Richmond Manufacturing Index, CB Consumer Confidence, Chicago PMI, S&P/CS Composite-20 HPI y/y, Prelim Wholesale Inventories m/m, Prelim GDP Price Index q/q, Goods Trade Balance and Prelim GDP q/q, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0631.
Strong Resistance:1.0624.
Original Resistance: 1.0614.
Inner Sell Area: 1.0604.
Target Inner Area: 1.0579.
Inner Buy Area: 1.0554.
Original Support: 1.0544.
Strong Support: 1.0534.
Breakout SELL Level: 1.0527.

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