When the European market opens, economic data on Italian Retail Sales m/m and German Import Prices m/m are expected to be released.The US will publish economic data about the revised UoM inflation expectations, revised UoM consumer sentiment, final GDP index q/q, final GDP q/q, and the Fed Chair Yellen's speech. So, EUR/USD will move low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Breakout BUY Level: 1.0936.
Strong Resistance:1.0930.
Original Resistance: 1.0919.
Inner Sell Area: 1.0908.
Target Inner Area: 1.0883.
Inner Buy Area: 1.0858.
Original Support: 1.0847.
Strong Support: 1.0836.
Breakout SELL Level: 1.0830.
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
