When the European market opens, several economic reports will be released such as Retail Sales m/m, Sentix Investor Confidence, German Retail Sales m/m, and German Factory Orders m/m. The US will present ISM Non-Manufacturing PMI. So amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1465
Strong Resistance:1.1458
Original Resistance: 1.1447
Inner Sell Area: 1.1436
Target Inner Area: 1.1409
Inner Buy Area: 1.1382
Original Support: 1.1371
Strong Support: 1.1360
Breakout SELL Level: 1.1353
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.
