When the European market opens, the economic calendar in the eurozone will be loaded with economic data such as Belgian NBB Business Climate, Private Loans y/y, M3 Money Supply y/y, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash Services PMI, and French Flash Manufacturing PMI. The US will also present a series of economic data such as Beige Book, Crude Oil Inventories, New Home Sales, Flash Services PMI, Flash Manufacturing PMI, and HPI m/m. So, amid such a busy economic calendar EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1528
Strong Resistance:1.1521
Original Resistance: 1.1510
Inner Sell Area: 1.1499
Target Inner Area: 1.1472
Inner Buy Area: 1.1445
Original Support: 1.1434
Strong Support: 1.1423
Breakout SELL Level: 1.1417
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