When the European market opens, some economic data will be released such as Spanish 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI. The US will also present several macroeconomic reports such as Beige Book, Crude Oil Inventories, IBD/TIPP Economic Optimism, ISM Non-Manufacturing PMI, Final Services PMI, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, and ADP Non-Farm Employment Change. So, amid a busy economic calendar EUR/USD will trade with medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1395
Strong Resistance:1.1388
Original Resistance: 1.1377
Inner Sell Area: 1.1366
Target Inner Area: 1.1339
Inner Buy Area: 1.1312
Original Support: 1.1301
Strong Support: 1.1290
Breakout SELL Level: 1.1283
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.
