When the European market opens, some economic data will be released such as Belgian NBB Business Climate, and German PPI m/m. The US will also publish the economic data such as Federal Funds Rate, Crude Oil Inventories, and Existing Home Sales, so amid the reports, the EUR/USD pair will move in a medium to a high volatility during this day. TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1438. Strong Resistance: 1.1431. Original Resistance: 1.1420. Inner Sell Area: 1.1409. Target Inner Area: 1.1382. Inner Buy Area: 1.1355. Original Support: 1.1344. Strong Support: 1.1333. Breakout SELL Level: 1.1326. Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel 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.
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