Technical analysis: Important intraday Level For EUR/USD, July 16,2019

When the European market opens, sucheconomic data as ZEW Economic Sentiment, Trade Balance, German ZEW EconomicSentiment, and Italian Trade Balance will be published. The US will release such economic data as TIC Long-Term Purchases, NAHB Housing Market Index,Business Inventories m/m, Industrial Production m/m, CapacityUtilization Rate, Import Prices m/m, Retail Sales m/m, and Core RetailSales m/m. So, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1314. Strong Resistance:1.1308. Original Resistance: 1.1297. Inner Sell Area: 1.1286.Target Inner Area: 1.1260. Inner Buy Area: 1.1234. Original Support: 1.1223. Strong Support: 1.1212. Breakout SELL Level: 1.1206. (Disclaimer)The material has been provided by InstaForex Company - www.instaforex.com