During the European session, German PPI m/m is slated for release. The US will release the economic data too such as the Unemployment Claims, Philly Fed Manufacturing Index, Natural Gas Storage, so amid the reports, EUR/USD will move low volatility during this day.

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3880.

Strong Resistance:1.3881.

Original Resistance: 1.3868.

Inner Sell Area: 1.3855.

Target Inner Area: 1.3822.

Inner Buy Area: 1.3789.

Original Support: 1.3776.

Strong Support: 1.3763.

Breakout SELL Level: 1.3754.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3776 and 1.3868. The rate is accompanied by strong support at 1.3763 and by 1.3881 as strong resistance.

If EUR/USD breaks out and closes below the 1.3754 level today, then it will indicate considerable bearish strength. Meanwhile, if EUR/USD manages to break out and closes above the 1.3880 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 1.3789 and at 1.3855, a SELL position. In this case both targets should be placed at the level of 1.3822.