When the European market opens, some economic data will be released such as German 30-y Bond Auction, Final Core CPI y/y, and Final CPI y/y. When the European market opens, some economic data will be released such as German 30-y Bond Auction, Final Core CPI y/y, and Final CPI y/y. The US is due to present a few economic data too such as Crude Oil Inventories, Housing Starts, and Building Permits. So, amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1633
Strong Resistance: 1.1626
Original Resistance: 1.1615
Inner Sell Area: 1.1604
Target Inner Area: 1.1576
Inner Buy Area: 1.1548
Original Support: 1.1537
Strong Support: 1.1526
Breakout SELL Level: 1.1519
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or 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 US is due to present a few economic data too such as Crude Oil Inventories, Housing Starts, and Building Permits. So, amid the reports, EUR/USD will move with low to medium volatility during this day.
The material has been provided by InstaForex Company - www.instaforex.com