When the European market opens, a batch of economic reports will be released such as Minimum Bid Rate, Spanish 10-y Bond Auction, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, French Flash Manufacturing PMI, and French Final CPI m/m. The economic calendar is also packed with the US economic data such as Natural Gas Storage, Business Inventories m/m, Flash Services PMI, Flash Manufacturing PMI, Import Prices m/m, Unemployment Claims, Retail Sales m/m, and Core Retail Sales m/m. So amid the reports, EUR/USD will move with medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1896
Strong Resistance:1.1889
Original Resistance: 1.1878
Inner Sell Area: 1.1867
Target Inner Area: 1.1839
Inner Buy Area: 1.1811
Original Support: 1.1800
Strong Support: 1.1789
Breakout SELL Level: 1.1782
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
