When the European market opens, some economic data will be releasedsuch as Spanish 10-y Bond Auction, Private Loans y/y, M3 Money Supplyy/y, and Spanish Unemployment Change. The US will provide a series of economic data too such as Total Vehicle Sales, ISM Manufacturing Prices, ISM Manufacturing PMI, Unemployment Claims, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y. So, amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1397
Strong Resistance:1.1390
Original Resistance: 1.1379
Inner Sell Area: 1.1368
Target Inner Area: 1.1341
Inner Buy Area: 1.1314
Original Support: 1.1303
Strong Support: 1.1292
Breakout SELL Level: 1.1285
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.
