When the European market opens, some economic news will be released such as the French 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, Spanish Unemployment Change, French Trade Balance. The US will release economic data too such as Crude Oil Inventories, Factory Orders m/m, the ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, ADP Non-Farm Employment Change. So amid the reports, EUR/USD will move with medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1557.
Strong Resistance: 1.1550.
Original Resistance: 1.1539.
Inner Sell Area: 1.1528.
Target Inner Area: 1.1501.
Inner Buy Area: 1.1474.
Original Support: 1.1463.
Strong Support: 1.1452.
Breakout SELL Level: 1.1445.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all 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.
