When the European market opens, some economic data will be released such as PPI m/m, Spanish Unemployment Change, and French Gov Budget Balance. The US today will not release any economic data. So, amid a few economic reports, EUR/USD is gong to trade with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1409
Strong Resistance:1.1402
Original Resistance: 1.1391
Inner Sell Area: 1.1380
Target Inner Area: 1.1353
Inner Buy Area: 1.1326
Original Support: 1.1315
Strong Support: 1.1304
Breakout SELL Level: 1.1297
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.
