When the European market opens, some Economic Data will be released, such as Spanish 10-y Bond Auction, French 10-y Bond Auction, Unemployment Rate, French 10-y Bond Auction, PPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, Spanish Unemployment Change and German Import Prices m/m. The US will release the economic data, too, such as Natural Gas Storage, Unemployment Claims, Challenger Job Cuts y/y, so, amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.0586.
Strong Resistance:1.0579.
Original Resistance: 1.0569.
Inner Sell Area: 1.0559.
Target Inner Area: 1.0534.
Inner Buy Area: 1.0509.
Original Support: 1.0499.
Strong Support: 1.0489.
Breakout SELL Level: 1.0482.
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