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When the European market opens, the eurozone's economic calendar is empty. However, the US will release a batch of economic data such as Treasury Currency Report, Federal Budget Balance, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales 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: 1.1606
Strong Resistance: 1.1599
Original Resistance: 1.1588
Inner Sell Area: 1.1577
Target Inner Area: 1.1550
Inner Buy Area: 1.1523
Original Support: 1.1512
Strong Support: 1.1501
Breakout SELL Level: 1.1494
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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