When the European market opens, some economic news will be released such as German Import Prices m/m, French Consumer Spending m/m, German Unemployment Change, M3 Money Supply y/y, Private Loans y/y, Spanish HPI q/q, German 30-y Bond Auction.The US will not release any economic data for today, so amid the reports, EUR/USD will move with low volatility during this day.

TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3700.
Strong Resistance:1.3691.
Original Resistance: 1.3678.
Inner Sell Area: 1.3665.
Target Inner Area: 1.3632.
Inner Buy Area: 1.3599.
Original Support: 1.3586.
Strong Support: 1.3573.
Breakout SELL Level: 1.3564. DESCRIPTION:
Today EUR/USD has support and resistance at 1.3586 and 1.3678. The rate is accompanied by strong support at 1.3573 and by 1.3691 as strong resistance.
If EUR/USD breaks out and closes below the 1.3564 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3700 level, then it will denote high bullish strength. Alternatively, for advance traders, you can trade in a way to open a BUY position at the level of 1.3599 and at 1.3665, a SELL position. In this case both targets should be placed at the level of 1.3632. Best regards, Arief Makmur Official Analyst of InstaForexGroup InstaForex Group http://instaforex.com email: [email protected] For more analysis go to: blog.mt5.com/arief My Profile: http://www.mt5.com/forex_analysis_award/profile/index/arief Disclaimer:
Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all 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.