When the European market opens, some economic data will be released such as Unemployment Rate, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, Spanish Flash GDP q/q, French Prelim CPI m/m, and German Retail Sales m/m. The US will release a series of macroeconomic reports such as Crude Oil Inventories, Chicago PMI, Employment Cost Index q/q, and ADP Non-Farm Employment Change. 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: 1.1402.
Strong Resistance:1.1395.
Original Resistance: 1.1384.
Inner Sell Area: 1.1373.
Target Inner Area: 1.1346.
Inner Buy Area: 1.1319.
Original Support: 1.1308.
Strong Support: 1.1297.
Breakout SELL Level: 1.1290.
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