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When the European market opens, some economic data will be released such as German 10-y Bond Auction, Italian Industrial Production m/m, and French Industrial Production m/m. The US will release a series of economic data as well such as Treasury Currency Report, 10-y Bond Auction, Final Wholesale inventories m/m, Core PPI m/m, and PPI m/m. So, amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1560
Strong Resistance:1.1553
Original Resistance: 1.1542
Inner Sell Area: 1.1531
Target Inner Area: 1.1504
Inner Buy Area: 1.1477
Original Support: 1.1466
Strong Support: 1.1455
Breakout SELL Level: 1.1448
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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