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28.11.2018 05:49 AM
Technical analysis: Intraday levels for EUR/USD for November 28, 2018

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When the European market opens, some economic data will be released such as German GfK Consumer Climate, German 10-y Bond Auction, Private Loans y/y, and M3 Money Supply y/y. The US will also publish a series of economic data such as Crude Oil Inventories, Richmond Manufacturing Index, New Home Sales, Prelim Wholesale Inventories m/m, Prelim GDP Price Index q/q, Goods Trade Balance, and Prelim GDP q/q. So amid the busy economic calendar, the EUR/USD pair will trade with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1342

Strong Resistance: 1.1336

Original Resistance: 1.1325

Inner Sell Area: 1.1314

Target Inner Area: 1.1288

Inner Buy Area: 1.1262

Original Support: 1.1251

Strong Support: 1.1240

Breakout SELL Level: 1.1234

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.

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