When the European market opens, some economic data will be released such as Italian Trade Balance, Final Core CPI y/y, Final CPI y/y, and German WPI m/m. Besides, some economic reports are due in the US such as TIC Long-Term Purchases, Industrial Production m/m, and Capacity Utilization Rate. So amid the reports, EUR/USD will trade with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1390
Strong Resistance:1.1383
Original Resistance: 1.1372
Inner Sell Area: 1.1361
Target Inner Area: 1.1334
Inner Buy Area: 1.1307
Original Support: 1.1296
Strong Support: 1.1285
Breakout SELL Level: 1.1278
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.
