When the European market opens, some economic news will be released such as German PPI m/m, French Flash Manufacturing PMI, French Flash Services PMI, German Flash Manufacturing PMI, German Flash Services PMI, Flash Manufacturing PMI, Flash Services PMI, and Consumer Confidence. Besides, the US will release the economic data such as the CPI m/m, Core CPI m/m, Unemployment Claims, Flash Manufacturing PMI, Philly Fed Manufacturing Index, Existing Home Sales, CB Leading Index m/m, and Natural Gas Storage. So, amid the reports, EUR/USD will move low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.2597.
Strong Resistance:1.2589.
Original Resistance: 1.2577.
Inner Sell Area: 1.2565.
Target Inner Area: 1.2535.
Inner Buy Area: 1.2505.
Original Support: 1.2493.
Strong Support: 1.2481.
Breakout SELL Level: 1.2473.
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.
The material has been provided by InstaForex Company - www.instaforex.com
