When the European market opens, some economic data will be released such as Trade Balance. The economic calendar is packed with economic data from the US such as Prelim UoM Inflation Expectations, Business Inventories m/m, PrelimUoM Consumer Sentiment, Industrial Production m/m, CapacityUtilization Rate, Import Prices m/m, Retail Sales m/m, and Core RetailSales m/m. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1749.
Strong Resistance:1.1742.
Original Resistance: 1.1731.
Inner Sell Area: 1.1720.
Target Inner Area: 1.1692.
Inner Buy Area: 1.1664.
Original Support: 1.1653.Strong Support: 1.1642.
Breakout SELL Level: 1.1635.
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
