When the European market opens, some economic data will be released such as Main Refinancing Rate, Italian 10-y Bond Auction, Spanish 10-y Bond Auction, French Final CPI m/m, and German Final CPI m/m. The US will also publish the economic data such as 30-y Bond Auction, Natural Gas Storage, Unemployment Claims, and Import Prices m/m, so amid the reports, the EUR/USD pair will move in a low to a medium volatility during this day. TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1424. Strong Resistance: 1.1417. Original Resistance: 1.1406. Inner Sell Area: 1.1395. Target Inner Area: 1.1368. Inner Buy Area: 1.1341. Original Support: 1.1330. Strong Support: 1.1319. Breakout SELL Level: 1.1312. Disclaimer: Trading Forex (foreign exchange) 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.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Performed by Arief Makmur,
InstaForex Group © 2007-2019
Benefit from analysts’ recommendations right now
Top up trading account
Get a bonus from InstaForex
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.