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12.12.201704:36 Forex Analysis & Reviews: Technical analysis of EUR/USD for Dec 12, 2017

Long-term review

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When the European market opens, some economic data will be released such as ZEW Economic Sentiment, German ZEW Economic Sentiment, and French Final Private Payrolls q/q. The US is also going to post a series of economic data such as Federal Budget Balance, 30-y Bond Auction, Core PPI m/m, PPI m/m, and NFIB Small Business Index. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1833

Strong Resistance:1.1826

Original Resistance: 1.1815

Inner Sell Area: 1.1804

Target Inner Area: 1.1776

Inner Buy Area: 1.1748

Original Support: 1.1737

Strong Support: 1.1726

Breakout SELL Level: 1.1719

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all 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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