When the European market opens, some Economic Data will be released such as German 10-y Bond Auction, Final Core CPI y/y, Final CPI y/y, and German Final CPI m/m. The US will also release the Economic Data such as Crude Oil Inventories, Industrial Production m/m, Capacity Utilization Rate, Housing Starts, and Building Permits, so amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Breakout BUY Level: 1.1879.
Strong Resistance:1.1872.
Original Resistance: 1.1861.
Inner Sell Area: 1.1850.
Target Inner Area: 1.1822.
Inner Buy Area: 1.1794.
Original Support: 1.1783.
Strong Support: 1.1772.
Breakout SELL Level: 1.1765.
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