04.01.2018 04:30 AM
Technical analysis of EUR/USD for Jan 04, 2018

This image is no longer relevant

When the European market opens, some economic data will be released such as Final Services PMI in Germany, France, Italy, and Spain. The US will publish several macroeconomic reports too such as Crude Oil Inventories, Natural Gas Storage, Final Services PMI, Unemployment Claims, ADP Non-Farm Employment Change, and Challenger Job Cuts y/y. Amid such a background, EUR/USD will move with medium volatility during this day.


Breakout BUY Level: 1.2067.

Strong Resistance:1.2060.

Original Resistance: 1.2048.

Inner Sell Area: 1.2036.

Target Inner Area: 1.2008.

Inner Buy Area: 1.1980.

Original Support: 1.1968.

Strong Support: 1.1956.

Breakout SELL Level: 1.1949.

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.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex always strives to help you
    fulfill your biggest dreams.
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback