For Traders

Analytical Reviews

Technical analysis

01.02.201906:58 Forex Analysis & Reviews: Technical analysis: Intraday Level For EUR/USD, Feb 01, 2019

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

When the European market opens, some economic data will be released such as Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, Spanish Manufacturing PMI, and French Gov Budget Balance. The US will also publish the economic data such as Total Vehicle Sales, Revised UoM Inflation Expectations, ISM Manufacturing Prices, Revised UoM Consumer Sentiment, ISM Manufacturing PMI, Final Manufacturing PMI, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m, so amid the reports, the EUR/USD pair will move with a medium to a high volatility during this day. TODAY'S TECHNICAL LEVEL: Breakout BUY Level: 1.1516. Strong Resistance: 1.1509. Original Resistance: 1.1496. Inner Sell Area: 1.1483. Target Inner Area: 1.1453. Inner Buy Area: 1.1423. Original Support: 1.1410. Strong Support: 1.1397. Breakout SELL Level: 1.1390. (Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.