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14.06.201904:05 Forex Analysis & Reviews: Technical analysis: Important intraday levels for EUR/USD, June 14, 2019

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.

Exchange Rates 14.06.2019 analysis

When the European market opens, some economic data will be released such as French Final CPI m/m. The US will release a batch of macroeconomic reports such as Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Industrial Production m/m,Capacity Utilization Rate, Retail Sales m/m, and Core Retail Sales m/m. So, in this context EUR/USD will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Breakout BUY Level: 1.1333

Strong Resistance:1.1327

Original Resistance: 1.1316

Inner Sell Area: 1.1305

Target Inner Area: 1.1279

Inner Buy Area: 1.1253

Original Support: 1.1242

Strong Support: 1.1231

Breakout SELL Level: 1.1225

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.

Arief Makmur
Analytical expert of InstaForex
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