Technical analysis of EUR/USD for Oct 16, 2017

When the European market opens, some Economic Data will be released, such as Trade Balance and German WPI m/m. The US will release the Economic Data, too, such as Federal Budget Balance and Empire State Manufacturing Index, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1870.
Strong Resistance:1.1863.
Original Resistance: 1.1852.
Inner Sell Area: 1.1841.
Target Inner Area: 1.1813.
Inner Buy Area: 1.1785.
Original Support: 1.1774.
Strong Support: 1.1763.
Breakout SELL Level: 1.1756.

Analysis are provided by InstaForex