When the European market opens, some economic news will be released such as German Prelim CPI m/m, Spanish Manufacturing PMI, Italian Manufacturing PMI, Final Manufacturing PMI.The US will release economic data too such as the Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, so amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY's TECHNICAL LEVELS:
Breakout BUY Level: 1.3693.
Strong Resistance:1.3685.
Original Resistance: 1.3672.
Inner Sell Area: 1.3659.
Target Inner Area: 1.3627.
Inner Buy Area: 1.3595.
Original Support: 1.3582.
Strong Support: 1.3569.
Breakout SELL Level: 1.3561.

DESCRIPTION:
Today EUR/USD has support and resistance at 1.3582 and 1.3672. The rate is accompanied by strong support at 1.3569 and by 1.3685 as strong resistance.
If EUR/USD breaks out and closes below the 1.3561 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3693 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 1.3595 and at 1.3659, a SELL position. In this case both targets should be placed at the level of 1.3627.

Official Analyst of InstaForex Group Insta Forex 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:
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