Disclaimer: Trading Forex 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.
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When the European market opens, a series of economic data will be released such as Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI. The US today will not release any economic data on the occasion of the Labor Day celebration. In this context, EUR/USD will trade with low to medium volatility during this day.TODAY'S TECHNICAL LEVELS:Breakout BUY Level: 1.1043.Strong Resistance:1.1037.Original Resistance: 1.1026.Inner Sell Area: 1.1015.Target Inner Area: 1.0990.Inner Buy Area: 1.0965.Original Support: 1.0954.Strong Support: 1.0943.Breakout SELL Level: 1.0937