When the European market opens, some economic data will be released such as the German Factory Orders m/m. At the same time, the US will also deliver some reports such as the Natural Gas Storage, Factory Orders m/m, Unemployment Claims, Trade Balance, and Challenger Job Cuts y/y. So amid these reports EUR/USD will trade with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1405
Strong Resistance:1.1398
Original Resistance: 1.1387
Inner Sell Area: 1.1376
Target Inner Area: 1.1349
Inner Buy Area: 1.1322
Original Support: 1.1311
Strong Support: 1.1300
Breakout SELL Level: 1.1293
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