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When the European market opens, a few economic reports will be released such as Spanish 10-y Bond Auction and German WPI m/m. The US will release a series of economic reports such as Natural Gas Storage, CB Leading Index m/m, Unemployment Claims, and Philly Fed Manufacturing Index. So, amid the reports, EUR/USD will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1555
Strong Resistance:1.1548
Original Resistance: 1.1538
Inner Sell Area: 1.1528
Target Inner Area: 1.1503
Inner Buy Area: 1.1478
Original Support: 1.1468
Strong Support: 1.1458
Breakout SELL Level: 1.1451
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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