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When the European market opens, some economic data will be released such as the German 10-y Bond Auction and the Current Account data. The US will also deliver economic reports such as the Crude Oil Inventories, Housing Starts, Current Account, and Building Permits. So amid the reports, EUR/USD will move in a low to medium volatility during this day.
TODAY'S TECHNICAL LEVELS:
Breakout BUY Level: 1.1736
Strong Resistance:1.1729
Original Resistance: 1.1718
Inner Sell Area: 1.1707
Target Inner Area: 1.1679
Inner Buy Area: 1.1651
Original Support: 1.1640
Strong Support: 1.1629
Breakout SELL Level: 1.1622
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel 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 carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
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