When the European market opens, some economic news will be released such as M3 Money Supply y/y, Private Loans y/y. The US will release the economic data too such as the Unemployment Claims, Final GDP q/q, Final GDP Price Index q/q, Pending Home Sales m/m, Natural Gas Storage, so amid the reports, EUR/USD will move with medium volatility during this day.

TODAY's TECHNICAL LEVELS:

Breakout BUY Level: 1.3851.

Strong Resistance:1.3842.

Original Resistance: 1.3829.

Inner Sell Area: 1.3816.

Target Inner Area: 1.3783.

Inner Buy Area: 1.3750.

Original Support: 1.3737.

Strong Support: 1.3724.

Breakout SELL Level: 1.3715.

DESCRIPTION:

Today EUR/USD has support and resistance at 1.3737 and 1.3829. The rate is accompanied by strong support at 1.3724 and by 1.3842 as strong resistance.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group

InstaForex Group

http://instaforex.com

For more analysis go to: blog.mt5.com/arief

Disclaimer:

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