When the European market opens, the economic calendar is packed with reports from the eurozone such as ZEW Economic Sentiment, German ZEW Economic Sentiment, French Prelim Private Payrolls q/q, and German Final CPI m/m. The US will release several economic reports as well such as Federal Budget Balance, NFIB Small Business Index, and Loan Officer Survey. So, amid the reports, EUR/USD will trade with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1283
Strong Resistance:1.1277
Original Resistance: 1.1266
Inner Sell Area: 1.1255
Target Inner Area: 1.1229
Inner Buy Area: 1.1203
Original Support: 1.1192
Strong Support: 1.1181
Breakout SELL Level: 1.1175
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level 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 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.
