When the European market opens, some economic data will be released such as German 10-y Bond Auction, Italian Prelim GDP q/q, Unemployment Rate, Prelim Flash GDP q/q, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, German Unemployment Change, Spanish Flash GDP q/q, French Prelim CPI m/m, and German Retail Sales m/m. The US will also publish the economic data such as Federal Funds Rate, Crude Oil Inventories, Chicago PMI, Employment Cost Index q/q, and ADP Non-Farm Employment Change, so amid the reports, the EUR/USD pair will move with medium to high volatility during this day. TODAY'S TECHNICAL LEVELS: Breakout BUY Level: 1.1211. Strong Resistance: 1.1205. Original Resistance: 1.1194. Inner Sell Area: 1.1183. Target Inner Area: 1.1157. Inner Buy Area: 1.1131. Original Support: 1.1120. Strong Support: 1.1109. Breakout SELL Level: 1.1103. (Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com