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FX.co ★ Technical analysis: Important Intraday Levels For EUR/USD, September 05, 2019

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Forex Analysis:::2019-09-05T03:07:38

Technical analysis: Important Intraday Levels For EUR/USD, September 05, 2019

Technical analysis: Important Intraday Levels For EUR/USD, September 05, 2019

When the European market opens, some economic data will be released such as French 10-y Bond Auction, Spanish 10-y Bond Auction, and German Factory Orders m/m. The US will also publish the economic data such as Crude Oil Inventories, Natural Gas Storage, Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Unemployment Claims, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y, so amid the reports, the EUR/USD pair will move with medium volatility during this day. TODAY'S TECHNICAL LEVELS: Breakout BUY Level: 1.1087. Strong Resistance: 1.1081. Original Resistance: 1.1070. Inner Sell Area: 1.1059. Target Inner Area: 1.1034. Inner Buy Area: 1.1009. Original Support: 1.0998. Strong Support: 1.0987. Breakout SELL Level: 1.0981. (Disclaimer)
Analyst InstaForex
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