When the European market opens, some economic data will be released such as ECB Monetary Policy Meeting Accounts and Spanish 10-y Bond Auction. The US is due to release a Consumer Confidence report. So, amid a quiet economic calendar, EUR/USD will trade with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1443
Strong Resistance:1.1436
Original Resistance: 1.1425
Inner Sell Area: 1.1414
Target Inner Area: 1.1387
Inner Buy Area: 1.1360
Original Support: 1.1349
Strong Support: 1.1338
Breakout SELL Level: 1.1331
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 material has been provided by InstaForex Company - www.instaforex.com