When the European market opens, a batch of economic data will be released such as French 10-y Bond Auction, Spanish 10-y Bond Auction, EU Economic Forecasts, ECB Economic Bulletin, French Trade Balance, and German Trade Balance. The US is due to release several economic reports such as Federal Funds Rate, FOMC Statement, Natural Gas Storage, and Unemployment Claims. So, amid such a loaded economic calendar EUR/USD will move with medium to high volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1491
Strong Resistance:1.1484
Original Resistance: 1.1473
Inner Sell Area: 1.1462
Target Inner Area: 1.1434
Inner Buy Area: 1.1406
Original Support: 1.1395
Strong Support: 1.1384
Breakout SELL Level: 1.1377
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