When the European market opens, no economic data will be released from the eurozone. However, the US will release a series of economic reports such as Natural Gas Storage, Crude Oil Inventories, Revised UoM Inflation Expectations, Existing Home Sales, CB Leading Index m/m, Revised UoM Consumer Sentiment, Unemployment Claims, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So, amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1424
Strong Resistance:1.1417
Original Resistance: 1.1406
Inner Sell Area: 1.1395
Target Inner Area: 1.1368
Inner Buy Area: 1.1341
Original Support: 1.1330
Strong Support: 1.1319
Breakout SELL Level: 1.1312
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be
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.
