When the European market opens, some economic data such as Italian Retail Sales m/m, Italian Industrial Production m/m,French Prelim Private Payrolls q/q, French Industrial Production m/m, and German Trade Balance will be released. The US will post such economic data as Federal Budget Balance, Core CPI m/m, and CPI m/m. Ahead of the data, the EUR/USD pair is likely to move in a low to medium volatility today.
TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1272.Strong Resistance: 1.1266.Original Resistance: 1.1255.Inner Sell Area: 1.1244.Target Inner Area: 1.1218.Inner Buy Area: 1.1192.Original Support: 1.1181.Strong Support: 1.1170.Breakout SELL Level: 1.1164 .(Disclaimer)
