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31.01.201903:34 Forex Analysis & Reviews: Technical analysis: Intraday Level For EUR/USD, Jan 31, 2019

Long-term review

Exchange Rates 31.01.2019 analysis

When the European market opens, some economic data will be released such as Italian Prelim GDP q/q, Unemployment Rate, Prelim Flash GDP q/q, Italian Monthly Unemployment Rate, German Unemployment Change, Spanish Flash CPI y/y, Spanish Flash GDP q/q, French Prelim CPI m/m, and German Retail Sales m/m. The US will also publish the economic data such as Natural Gas Storage, Chicago PMI, Unemployment Claims, Unemployment Claims, Personal Income m/m, Personal Spending m/m, Employment Cost Index q/q, Core PCE Price Index m/m, Challenger Job Cuts y/y, so amid the reports, EUR/USD will move with a low to a medium volatility during this day. TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1544. Strong Resistance: 1.1537. Original Resistance: 1.1526. Inner Sell Area: 1.1515. Target Inner Area: 1.1488. Inner Buy Area: 1.1461. Original Support: 1.1450. Strong Support: 1.1439. Breakout SELL Level: 1.1432. (Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Arief Makmur,
Analytical expert
InstaForex Group © 2007-2021
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